Lombard, Illinois Power of Attorney Lawyers

Skilled Attorneys Helping Clients Address Medical and Financial Concerns in Lombard, Illinois

Surveys have shown that only about half of all Americans have put even the most basic of estate planning documents in place. However, even those who have made decisions about how their assets will be managed and distributed to beneficiaries in the future may not have taken steps to address serious illnesses or other unexpected circumstances. Without a plan for how to handle medical care and financial concerns in the event of an incapacitating illness, a family may struggle with uncertainty.

Fortunately, there are steps that can be taken to minimize the stress that you and your loved ones may experience in these situations. By creating powers of attorney, you can make sure your wishes will be followed correctly. This can take a load off your mind if you are worried about receiving the proper care, and it can also give your loved ones the assurance that they are doing what you would have wanted.

At A. Traub & Associates, we understand that your family's security should not be taken lightly, and we can advise you on the right estate planning tools that will meet your unique needs. We will make sure the documents you create are legally sound while addressing specific circumstances and providing clear instructions. Our goal is to provide you with the assurance that matters will be handled correctly, no matter what may happen in the future.

Legal Advocates in Lombard for Powers of Attorney

While you may have already drafted a will to ensure that your final wishes are followed correctly, it is also important to make sure your affairs will be managed properly while you are still living. In situations where you may be unable to make decisions for yourself, you can give someone else the power to address these issues.

The law in Illinois allows you to grant authority to another person or entity through an instrument known as a power of attorney. These instruments may be used to address different aspects of your life, depending on your particular circumstances. Our skilled lawyers can help you select the right type of power of attorney and make sure you provide detailed instructions. We can also make sure you choose the right person or people who will be able to act on your behalf.

Power of Attorney for Property

If you become incapacitated by a serious illness, an injury, or another condition, it might be impossible for you to continue making your own financial decisions. A power of attorney for property can grant decision-making authority to the agent you choose under terms that you can set in advance. For example, you may give your agent the authority to manage your financial accounts, business, or real estate property, and they may be able to pay bills or handle other concerns related to your money and property.

Your agent will be responsible for acting in good faith on your behalf while maintaining accurate records of any actions he or she takes. We will assist you in creating a power of attorney for property that provides you with the peace of mind you deserve.

Power of Attorney for Health Care

A power of attorney can also be used to grant another person the right to make decisions regarding your medical care if you are not able to do so. With a power of attorney for health care, a person you trust can make health and medical decisions on your behalf. You can include instructions detailing the types of treatment you do or do not want to receive, ensuring that you will receive the proper care. You may also create other tools, such as a living will or advance medical directives, to address specific situations and make sure end-of-life treatment is provided according to your wishes.

Contact Our Lombard, IL Estate Planning Lawyers for Powers of Attorney

As you make decisions about how medical and financial concerns will be addressed and who will be able to help with these issues, it is important to receive legal help from an attorney who can ensure that documents are created and executed correctly. Contact the estate planning lawyers at A. Traub & Associates to learn more about how we can help you provide your family with the security and peace of mind you deserve. Call 630-426-0196 today to schedule an appointment.