![]() ![]() have over 60 years of combined experience helping individuals and families with their estate plans. The attorneys at Botti & Morison Estate Planning Attorneys, Ltd. If you are interested in setting up a Durable Financial Power of Attorney for you or a family member, contact Botti & Morison Estate Planning Attorneys, Ltd. ![]() Establishing a Durable Financial Power of Attorney ahead of time will not only ensure your finances are protected in the event you’re incapacitated, but it will also save your loved one’s time, expense, and the emotional distress that accompanies filing for conservatorship. No one can predict the future, which is why it’s important you plan ahead. Financial Power of Attorney California Lawyer | Ventura County This person is then referred to as an “attorney-in-fact” and given broad power to handle all your finances. When you create and sign a Durable Financial Power of Attorney, you’re essentially giving another person legal authority to act on your behalf. The best solution to avoid this scenario is to establish a Durable Financial Power of Attorney while you still have capacity. ![]() This can be an extremely time-consuming, expensive and humiliating process that’s public for the world to see. Loved ones of the incapacitated will then only have one option, which is to go to court and pursue a conservatorship. Once a person loses capacity due to injury or illness it is too late as the State of California doesn’t allow that person to sign a power of attorney, or any other document. What many fail to realize before it’s too late is that if you’re incapacitated you’re legally prohibited from reviewing or signing official documents. In some unfortunate cases, incapacity is permanent until death. Your period of incapacitation may be temporary, such as being unconscious due to a catastrophic accident, or it can be long-term. Although it’s difficult to think about, the truth is for people under the age of 65 you are much more likely to become incapacitated before death. ![]()
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