Yes. A Power of Attorney can save you significant amounts of money. A Power of Attorney, properly executed while a person has the requisite capacity, can help your loved ones avoid the costs and time associated with a guardianship action. If you become incapacitated and do not have a valid Power of Attorney, a Guardianship action will need to be opened so that someone can be appointed by a New Jersey court to manage your affairs. The Guardianship process requires doctor evaluations and reports as well as attorney involvement and usually results in several thousand dollars’ worth of costs.
Call our Toms River elder law and estate planning attorneys to schedule an appointment to have your Power of Attorney drafted. Our Ocean County lawyers take pride in the work they do for our clients. Our Toms River attorneys care about their clients and strive to reach their goals.