Joliet Lawyers Experienced in Powers of Attorney for Property
Trusted Estate Planning Attorneys Serving Will County and Grundy County
Are you prepared for the possibility that, one day, you may lack the capacity to make decisions for yourself? As unfair as it may seem, life can be very unpredictable. Without warning, you may be incapacitated and the property and possessions you have spent your life acquiring may be at risk. It is not possible to overstate the importance of preparing for the future, and at the Davi Law Group, we are dedicate to helping clients throughout Northern Illinois protect their assets, despite the uncertainty of what lies ahead.
Regardless of the size of your estate, you have the right to decide what should happen to your property. As part of the estate planning process, you may wish to designate a person, called an agent, to make financial and real estate decision on your behalf should such responsibility become necessary. Your agent should be an individual you thoroughly trust to be competent in handling the matters entrusted to him or her. Our attorneys will walk you through the selection process, helping you identify potential candidates, and ultimately choosing the most appropriate person.
Power of Attorney for Property
A comprehensive estate plan is only possible if and when you carefully consider the terms and elements that matter most to you. At the Davi Law Group, we take the time to listen carefully to the needs of clients and use that information to develop a customized approach for the management of property and assets. In creating a power of attorney for property, we will guide you in establishing:
- Conditions that will invoke the power of attorney;
- Clearly-defined authority granted to the agent; and
- A succession plan for agents.
A person appointed as an agent is expected to perform certain duties under the Illinois Power of Attorney Act (755 ILCS 45/1-4). In addition to carrying out your wishes as specified in your power of attorney, your agent is also responsible for:
- Acting in good faith to protect your best interests;
- Accounting for the financial implications of property decisions;
- Maintaining a record of all actions taken on your behalf;
- Retaining all related paperwork, as appropriate;
- Working closely with financial institutions and real estate professionals; and
- Support the overall objectives of your estate plan.
Estate Planning Professionals Serving Naperville and Plainfield
Granting an agent power of attorney over any aspect of your life is a very personal, often difficult decision. At the Davi Law Group, we understand how challenging it can be to consider the possibility of not being able to make decisions for yourself. With our experience, we can help simplify the process of estate planning, as we work with you to find the tools that best suit your needs.
If you have questions about estate planning or what to include in your power of attorney, contact our office. We offer free in-person consultations so that you can meet our team and get answers to your questions, a value of up to $325.00. Should you retain us as your counsel, financing options are available. With office locations in Joliet, Warrenville, Wheaton and Chicago, we are proud to serve clients throughout Will County and the surrounding areas. Call 815-582-4901 to schedule an appointment today.