Power of Attorney

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Indianapolis Power of Attorney Lawyer

Most people do not truly understand just how important it is for them to have a will and to understand what power of attorney is and why they might need it. Polls have shown that less than half of the people in the United States do not have a will, and this can cause problems for them and their family members down the road.

What Is a Power of Attorney?

A power of attorney is a legal document that allows you to designate a person or organization to manage your affairs if you become unable to do so. There are various types of powers of attorney, each conferring distinct levels of authority.

Our Indianapolis power of attorney lawyer can provide a range of solutions, including:

A general power of attorney grants broad powers, such as handling financial transactions, operating business interests, and making gifts.
A special power of attorney limits the agent's authority to specific tasks.
A healthcare power of attorney enables an agent to make medical decisions for you if you are incapacitated.
A durable power of attorney ensures that the POA remains effective even if you become mentally incompetent.

It is crucial to choose a trustworthy agent who will act in your best interests. Consulting with a legal professional can help ensure that the document meets your specific needs and adheres to state laws. Properly establishing a power of attorney can provide peace of mind, knowing that your affairs will be managed effectively if you are ever unable to do so.

Learn more about how our Indianapolis POA attorney can help you by contacting us online or calling (317) 743-7958 today!

Common Reasons to Need a Power of Attorney

Numerous situations in life might necessitate the need for a power of attorney. Whether it be due to advancing age, unexpected health issues, or extended travel, having a designated agent to manage your affairs can provide peace of mind.

Below are some common reasons why many people choose to draft a power of attorney:

Sudden illness or injury: Incapacitating conditions, such as severe illnesses or accidents, can prevent an individual from managing their affairs. A power of attorney ensures that someone can step in immediately to handle urgent medical and financial decisions.
Extended travel abroad: Individuals who travel or live abroad for long periods need someone to manage their domestic affairs. A power of attorney can allow a trusted agent to pay bills, manage real estate, or handle other essential day-to-day tasks.
Aging and cognitive decline: Elderly individuals often experience a gradual decline in their cognitive abilities. A power of attorney allows a trusted person to handle financial and medical decisions as needed.
Business continuity: Business owners can designate a partner or associate to manage business operations during their absence. This step can ensure essential business activities and decisions are not disrupted during a planned absence.
Military deployment: Service members deployed overseas might rely on a power of attorney to manage their personal and financial matters back home. Having someone empowered to manage your affairs while you are away can provide peace of mind.
Legal complications: During legal disputes or complicated legal transactions, having a power of attorney can help manage and negotiate issues effectively. The designated agent can represent your interests, ensuring legal processes continue smoothly.
Estate planning: If you have an established estate plan, a power of attorney can help in the management of your financial affairs as part of a comprehensive estate plan. Our estate planning attorney also provides will drafting and updating services.
Temporary incapacitation: A power of attorney can help clarify situations like elective surgery or recovery from an illness where temporary incapacitation is expected. A power of attorney allows for continuity in managing affairs during the recovery period.

By understanding these various reasons, individuals can better appreciate the importance of establishing a power of attorney and ensuring their affairs are managed according to their wishes under different circumstances. Our experienced power of attorney lawyer is ready to support you today in English, Russian, Greek, Bulgarian, Spanish, Urdu, Punjabi, and Hindi. Send us a message online right now to schedule a consultation.

Work With the Best Attorney

Whether you need to have help drafting or changing your general or medical power of attorney in Indianapolis, you must be sure you are choosing only the best attorneys to help with your estate planning. Get in touch with the attorneys at the Law Offices of Eugene Mogilevsky, LLC. today. We have a wealth of experience and knowledge when it comes to providing our clients with estate law services they can trust.

You can call us at (317) 743-7958 or contact us online to set up a consultation with our Indianapolis power of attorney lawyers.

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Our goal is to ensure that you are able to achieve a positive outcome with us in virtually any situation, whether you need to create a living will, you want to avoid dying intestate, you need to set up a power of attorney, or you need help pursuing and achieving US citizenship.

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