DuPage County Powers of Attorney Lawyers
Setting Up Powers of Attorney for Clients in Lisle, Oak Brook and Surrounding Areas
When a person is no longer able to manage his/her property or health care decisions, they have the option to hand over power of attorney to a loved one. Powers of attorney are an important estate planning tool to help ensure that your affairs are properly managed if you are no longer able to do so. The person you give this power to should be someone you can fully trust with all matters concerning your health and/or finances. For this reason, these documents should only be set up after careful consideration and with guidance from an experienced legal professional.
At Momkus LLC, our team of family law and estate planning attorneys help clients create a comprehensive estate, trust and asset protection plan that meets your needs and accounts for all eventualities. Our skilled lawyers are friendly, responsive and compassionate with an unwavering commitment to ensuring that your interests are protected. We take the time to thoroughly analyze your circumstances so we can employ the appropriate tools to effectively carry out your final wishes. In many instances, a power of attorney will be an integral part of your overall plan.
There are two main types of powers of attorney in Illinois:
- Property Powers of Attorney (PPOA); and
- Healthcare Powers of Attorney (HCPOA).
Property Powers of Attorney
A power of attorney for property is selected either temporarily or permanently to handle the financial affairs of another. Some of the duties of the designee include:
- Paying Bills;
- Filing Tax Returns;
- Managing Financial Paperwork; and
- Dealing with Insurance Issues.
You may decide to designate a PPOA temporarily if you are traveling for an extended period of time and need someone to take care of your finances while you are gone. For estate planning purposes, you may appoint a PPOA in the event that you become physically and/or mentally incapacitated and can no longer manage your finances on your own.
Healthcare Powers of Attorney
A power of attorney for healthcare is designated for a time in the future when you may be incapacitated or otherwise unable to make healthcare decisions for yourself. While you are able, however, you continue to retain control over your own care. In deciding who to appoint as healthcare power of attorney, you should make sure this person shares your philosophy and understands your wishes concerning end-of-life issues.
Healthcare Powers of Attorney and Living Wills
A living will is a directive that instructs family members and medical professionals on which end-of-life procedures you want done. For example, living wills typically provide instructions on when you want to be kept on or removed from life support. It is often useful to designate a healthcare power of attorney in conjunction with a living will to ensure that you will have someone advocating for the directives you have spelled out in writing.
The skilled attorneys at Momkus LLC can help you decide if a power of attorney is right for you and if so, which type you should set up. Contact us today at 630-434-0400 for your consultation. We provide advice and counsel from our team of dedicated and compassionate power of attorney lawyers in DuPage County, including Lisle, Wheaton, Oak Brook, Hinsdale, Naperville and Downers Grove.