There are many possible powers of a power of attorney. A power of attorney is a type of legal document that allows an individual to grant powers to an agent to take certain actions on their behalf according to the Legal Information Institute (LII). For example, a healthcare power of attorney may enable an agent …
What Assets Are Protected In A Lawsuit?
Unless you take steps to protect them, most assets are not protected in a lawsuit. One of the few exceptions to this is your employer-sponsored IRA, 401(k), or another retirement account. At Bratton Estate and Elder Care Attorneys, our lawyers recommend putting an asset protection plan in place before you need it. By taking the …
What Does a Probate Attorney Do in New Jersey?
There are several things a probate attorney does in New Jersey. Primarily, they help the administrators of estates or executors of wills carry out their duties. This may include: Validating the will Settling the deceased’s final affairs Appraising the value of the decedent’s estate Distributing the assets as the decedent dictated in the will Your …
What Are the Differences Between Guardianships & Conservatorships?
There is one big difference between guardianships and conservatorships. A legal guardian can make a wide range of personal and medical decisions for the person in their care while a conservatorship generally grants much more limited decision-making powers. A conservator usually only has the authority to pay bills, make investments, and handle other financial matters. …
What is a Power of Attorney?
A power of attorney gives another person the legal authority to make certain decisions on your behalf if you are unable to make the decisions or manage your finances on your own. Many families come to us because their loved ones just had a stroke or now have dementia and are struggling to manage their …
Are There Different Types of Powers of Attorney?
There are several different types of powers of attorney, and we use each type for a different purpose. A power of attorney is key in many estate planning and life planning scenarios, and almost everyone could benefit from one. This legal document lets you name a specific agent to handle your affairs and make decisions …