A Power of Attorney is a document under which a person can appoint another individual or individuals to act on their behalf in a variety of circumstances. 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.
NOTE: This page is for general information only and is not be solely relied upon. If you have questions about your estate plan, please call a Toms River estate planning attorney today!