{"id":37530,"date":"2023-04-17T06:58:52","date_gmt":"2023-04-17T13:58:52","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37530"},"modified":"2023-05-12T07:18:12","modified_gmt":"2023-05-12T14:18:12","slug":"asset-protection-trust","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/estate-planning\/asset-protection-trust\/","title":{"rendered":"Asset Protection Trust Attorney in Bend, Oregon"},"content":{"rendered":"
You might be wondering what will happen to your assets and hard-earned properties when you become seriously ill or disabled? It is essential to ensure that all your assets will be left in good hands if you suddenly become incapable of handling them. A competent Oregon power of attorney lawyer helps you ensure that your assets are safe. These assets can include:<\/p>\n
Whether you\u2019re preparing for your retirement years or just starting your career, it\u2019s never too early to plan how you want your finances and assets to be handled if something happens to you. You\u2019ll not be able to take control of your financial affairs anymore. One of the best solutions is to grant a power of attorney to someone you fully trust.<\/p>\n
If you have doubts about making a power of attorney arrangement in advance, call us today at Michael D. O\u2019Brien & Associates, P.C.<\/a><\/strong> by dialing 503-852-9047<\/strong><\/a>. Our reliable Portland power of attorney lawyers can help you understand what it means to grant authorization to your chosen attorney-in-fact.<\/p>\n<\/div>\n<\/div>\n<\/div>\n A power of attorney (POA) is a document used to grant legal rights to someone who can act wisely on your behalf. If you give a Power of Attorney, you are called the principal, and the person you provide it to is called the agent or the attorney-in-fact. You may choose your spouse, adult child, sibling, family member, loved one, or close friend to be your authorized agent or attorney-in-fact to manage your financial affairs for you.<\/p>\n This legal document should be clear and understandable. In the power of attorney document, you must specify what powers you are giving to your agent and when those powers are to take effect. The agent can have either extensive or limited authority<\/strong> to make legal decisions about the principal’s property, finances, or healthcare, depending on the terms of the POA. To ensure the validity of your power of attorney, you need to sign the document while you are still mentally competent.<\/p>\n At Michael D. O\u2019Brien & Associates, P.C., we have extensive experience handling power of attorney arrangements. Our credible Portland power of attorney lawyers can help simplify the process of creating this legal document. Our Portland estate planning lawyers<\/a> <\/strong>can provide you with the best estate planning tools available to help you plan your estate. Call us at 503-852-9047<\/a> <\/strong>to get started today!<\/p>\n<\/div>\n<\/div>\n<\/div>\n If you want a power of attorney, the first thing to do is select someone you trust<\/strong> to handle your affairs when you become physically or mentally incapable. Then, you must decide what your agent can do on your behalf and in what circumstances.<\/p>\n The laws governing powers of attorney can be complicated. Therefore, it is advisable to consult an experienced Portland power of attorney lawyer to help you know and understand the applicable state laws to ensure that your power of attorney meets legal standards. In Oregon, a power of attorney needs to be written and signed in front of two witnesses and notarized.<\/p>\n Agreements, accounts, and other legal documents for the estate plan<\/a> must be under the principal\u2019s name (the individual who signed a power of attorney). It must specify that the individual who signs the documents acts as the attorney-in-fact for the principal. It is done by affixing the word \u201cattorney-in-fact,\u201d \u201cagent,\u201d or \u201cPOA\u201d after the name of the agent.<\/p>\n\n
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