Power of Attorney in Browns Mills, New Jersey
Do You Wish to Appoint a Power of Attorney for Handling Your Estate?
A power of attorney is a legal document granting someone else the power to act on your behalf regarding financial and other matters. This document is critical if someone becomes incapacitated or is unable to manage their affairs. By appointing a power of attorney in Browns Mills, you can ensure that your wishes are legally acted upon.
At the Law Offices of Posternock Apell, PC, we have experience helping individuals and families with estate planning, including power of attorney. Our qualified estate planning lawyers in New Jersey are available to assist you in creating a power of attorney document tailored specifically to your needs.
What Types of Power of Attorney Are There in New Jersey?
New Jersey is one of the few states that recognizes different types of power of attorney documents. There are two main types of power of attorney in Browns Mills, New Jersey:
● Financial Power of Attorney:
This document authorizes another person to handle your financial matters on your behalf, such as banking transactions and investment decisions.
● Healthcare Power of Attorney:
This document grants a person the authority to make medical decisions on your behalf if you are incapacitated. In addition, this document can also be used to specify preferences regarding organ donation, end-of-life care, and other matters related to your health and well-being.
Both types fall under Durable Power of Attorney as defined under New Jersey’s Revised Statute § 46:2B-8.2. This law sets out the legal requirements for such documents to be valid:
- A competent adult must sign the document.
- The document must be dated.
- Two witnesses must attest that the declarant is of sound mind and free of duress and undue influence.
- It can be supplemented with a video or audio tape recording.
- The directive must be implemented when two physicians confirm the lack of decision-making capacity.
At Law Offices of Posternock Apell, PC, we understand how important it is to create a power of attorney document that truly reflects your wishes. Our experienced estate planning lawyers in New Jersey can guide you through the process and ensure your document meets New Jersey’s legal requirements.
For more information on our services, contact us today.
Can I Change or Revoke My Power of Attorney?
You can change or revoke your power of attorney document anytime in Browns Mills, New Jersey. However, it is essential to note that state law may provide specific requirements for making such changes. Therefore, consulting with qualified estate planning lawyers is best to ensure the changes are made properly and legally.
Some of the most common reasons why people may wish to modify or revoke their power of attorney document include:
- You don’t trust your attorney-in-fact any longer.
- You changed your mind.
- Things in your life have changed.
- Your attorney-in-fact is no longer available.
Revoking a power of attorney document should be done in writing and be witnessed according to the same standards as when it was created. Our experienced estate planning lawyers in New Jersey can help you with this process and ensure all legal requirements are met.
If you want to ensure that your wishes for your power of attorney in Browns Mills, New Jersey, are legally binding, contact our estate planning lawyers today.
What is Good Faith Reliance?
Good faith reliance is a legal principle that allows an attorney-in-fact to act in the name of the principal, even if they have since changed their mind or revoked their power of attorney but not informed the attorney-in-fact. This rule ensures that an agent can still act on their principal’s behalf even if the document has been updated since its creation.
It is important to note that this rule is not an absolute defense and that the agent can still be held liable if it was clear that their principal did not want them to take action on their behalf.
Our qualified estate planning lawyers in New Jersey can help you understand what this rule covers and advise you on how to ensure that your power of attorney document is legally binding.
Schedule a consultation today!
What Is New Jersey’s Law for Multiple Attorneys-in-Fact?
Under the New Jersey power of attorney law, an individual can appoint multiple attorneys. This allows a principal to assign different tasks and responsibilities to each of their agents so that they are better able to manage their affairs.
For instance, one agent could be responsible for the principal’s healthcare decisions while another is responsible for managing the principal’s finances.
While this may be a convenient way to manage one’s affairs, it is still essential to ensure that each agent understands their responsibilities and that the power of attorney document clearly states each person’s role. Our estate planning lawyers in New Jersey can help you draft an effective document and provide sound advice on how to ensure your wishes are followed.
Contact us to learn more.
Your Estate Is Yours to Manage
Work with Our Experienced Estate Planning Lawyers in New Jersey to Ensure Your Wishes Are Carried Out
If you’re planning to appoint a Browns Mills power of attorney to manage your estate, the process can be complex. However, our estate planning lawyers can guide you through it and ensure you can create an accurate, legally binding document.
We can help you understand the scope of your power of attorney and what it means for each individual appointed as an agent. Our attorneys can also explain the obligations of selecting another person to manage certain aspects of your estate, such as your healthcare decisions or finances. With our assistance, you will be able to ensure that all parties are on the same page and that your wishes are respected.
Contact us today to discuss how our estate planning lawyers in New Jersey can help you create a tailor-made power of attorney document.