Guardianships & Powers of Attorney
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Sometimes life can take a tragic turn and render a person incompetent to manage his or her own assets or make decisions regarding healthcare. When this occurs, a legal process must be initiated so that someone can be authorized to step in for the person and make important decisions to protect assets and provide personal care.
When it comes to managing a person's assets, the administration of a guardianship is the most restrictive. That is why many people seek alternative and more flexible forms to accomplish the same objectives. This is usually done with the following documents:
Trust
Declaration created by a grantor for the benefit of designated beneficiaries which appoints a trustee to manage the trust assets and income for the economic benefit of all the beneficiaries. Such a trust may be revocable or irrevocable. Sometimes a revocable trust is called a "Living Trust."
Durable Power of Attorney
Appoints another person as an agent and confers authority on that person to perform certain acts or kinds of acts on your behalf.
If the person who needs help in managing his or her assets is domiciled in the State of California, we should be able to help you.
Click here to complete our Probate Administration Questionnaire for an evaluation of the administration of the guardianship of an estate or creation of documents allowing you to manage another person's affairs. Or you may call us toll-free at 866.494.6829