A Power of Attorney is a legal document that grants another person the right to manage someone else’s finances and assets. A Power of Attorney can be general or specific as to a certain task. A Power of Attorney is an important document to allow a person’s finances to be managed when a person can not longer handle their own affairs because they have become mentally or physically challenged. For example, a parent may appoint his or her child to have power of attorney in case of future dementia or with progressing Alzheimer’s.
A person has to be competent at the time of signing the Power of Attorney. If a person becomes incompetent and does not have a Power of Attorney, a conservator can be appointed by the court to manage a person’s finances. A conservatorship is a costly proceeding which can be avoided by a properly executed Power of Attorney. Contact attorney Garry J. Bowman to discuss your concerns.
Garry J. Bowman can assist you in the preparation of a living trust, will or other estate planning documents. Keep in mind that your choice of trustees, beneficiary or executive is extremely important.
Garry J. Bowman is a San Diego Family Law Attorney, handling cases in San Diego, Rancho Bernardo, Penasquitos,East County, Alpine, El Cajon, La Mesa, Spring Valley, Lemon Grove, Jamul, Rancho San Diego, South Bay, National City, Chula Vista, Eastlake and Imperial Beach. He frequently appears in the Superior Courts located in Downtown San Diego, Chula Vista and El Cajon.