What will happen if you are unable to make financial decisions because you are incapacitated by illness, dementia or injury? Who will have control of your financial accounts and real estate? You can make these decisions ahead of time if you create a financial power of attorney.
At Bernstein & Feldman, P.A., our wills, estates and trusts lawyers can help you set up durable financial powers of attorney. We will thoroughly discuss the responsibilities and powers that your financial agent will have. When you understand these details, you can choose the right person or persons to be your agents.
Protect Yourself And Your Finances
Without a financial power of attorney, you will not be able to decide who controls your finances in the future should you become incapacitated. In these situations, a judge typically appoints someone to have conservatorship of your finances.
To manage your medical expenses and other bills if you are incapacitated by illness or injury, we can create a power of attorney. This grants authority to an agent of your choice to make decisions about your finances and real estate. You can specify the limit of the agent's authority in the document.
Depending on the types of powers you grant, your financial agent may be able to act on your behalf to:
- Pay your bills
- Collect, deposit and transfer money
- Buy and sell stock
- Buy and sell property
- Take out loans
- Enter into contracts
You can rely on our experience and knowledge to help you as you choose your financial agents.
Contact Us To Discuss Maryland Financial Powers Of Attorney
To schedule an appointment, please call our Annapolis office at 410-216-4006 or contact us online.