Power of Attorney
A power of attorney can be a powerful tool when it comes to protecting your interests. At the Law Offices of Nick Kulagin, our skilled estate planning lawyers can help people across DuPage and Kane Counties devise these instruments so that their affairs can flow smoothly, regardless of the circumstances. With 15 years of experience, our Wheaton attorneys understand that having a well-organized strategy to make sure your loved ones have a solid foundation for the future is vital.Creating a Power of Attorney
A power of attorney is a document that permits another person to legally act on your behalf. A durable power of attorney continues even if the grantor is incompetent or after the appointment of a guardian. Put another way, a durable power of attorney authorizes an agent to make decisions for you in the event that you become incapacitated or are unable to make decisions for yourself. Under the Illinois Power of Attorney Act, all of these instruments are automatically durable by law unless the document specifically states that the power of attorney is not meant to be durable. A power of attorney is flexible because it is revocable by the grantor. It loses effect when the grantor dies, unless otherwise stated in the document.
In Illinois, there is a standardized form of power of attorney that individuals may use to authorize an agent to act for them in dealing with their property or health care affairs. Since there are two different powers of attorney that are recognized in Illinois, powers of attorney for property and powers of attorney for health care, you can choose the form that fits your needs.
A power of attorney for property typically authorizes an agent to handle finances in the event that you cannot. In this manner, the agent can access bank accounts, write checks, deposit or withdraw funds from a bank account, sign official documents, handle insurance issues, file tax returns, and more. A power of attorney can be an extremely useful tool because it allows you to designate someone you trust to make decisions on your behalf.
A health care power of attorney gives the agent the authority to make decisions regarding care on your behalf. This document is typically used in conjunction with a living will that outlines the extent of life-saving measures you would have taken. Third parties, such as hospitals, may rely on the agent’s authority to make decisions regarding the individual’s health care and treatment.Contact a Lawyer in DuPage or Kane County for a Will, Trust, or Other Instrument
Our knowledgeable attorneys can draft powers of attorneys, wills, trusts, and other estate planning instruments for DuPage and Kane County residents. We want to make sure that your choices and wishes are carried out even if you are unable to communicate them. We understand that this is a sensitive matter, which is why you can expect careful attention from us throughout the entire process. The Law Offices of Nick Kulagin also represents individuals in Naperville, Hoffman Estates, Mount Prospect, and Oak Park, as well as other communities. Call us at 630-480-6399 or contact us online to schedule a free consultation.