Establishing A Power Of Attorney
Have you considered who you would trust to make financial decisions on your behalf should you ever be in a position where you are incapacitated? What about health care decisions? Who do you trust to care for your children if you are not around?
These are not the most pleasant questions to consider. However, establishing powers of attorney can address these issues and provide you with the peace of mind that comes with knowing your wishes will be honored should the unthinkable ever occur. At the Arkansas-based law firm of Crow Durbin & Speights, Attorneys at Law, we help establish powers of attorney as part of our comprehensive estate planning services.
Life’s Insurance Policy
Hopefully, a power of attorney will never have to come into play, but it can provide you with a type of insurance policy should an accident or medical condition ever leave you unable to make decisions on your own. Powers of attorney can address a number of different situations, including:
- Financial decisions: This type of document enables you to name a trusted individual who can help manage your finances and assets should you ever become incapacitated. If you make a recovery, you can regain the power to make these decisions on your own.
- Health care decisions: This document can outline your wishes for the type of medical treatments you would like if you become incapacitated or are otherwise unable to communicate.
- Child care decisions: Parents can name a person they trust to provide care for their children. While this document can be limited to cases of incapacity or death, it can also be used in situations where a parent or parents are going to be away from their children for an extended period of time.
When you meet with our lawyers, we will listen to what you hope to achieve and will tailor an estate plan that is designed to fit your situation.
Contact Us To Help Plan For The Future
We take a personalized approach to all estate planning issues. To schedule a consultation, call our Hot Springs office at 501-321-1481 or send us a message online.