Indianapolis Power of Attorney Lawyer

Common Reasons to Need a Power of Attorney 

Numerous situations in life might necessitate the need for a power of attorney. Whether it be due to advancing age, unexpected health issues, or extended travel, having a designated agent to manage your affairs can provide peace of mind. 

Below are some common reasons why many people choose to draft a power of attorney: 

• Sudden illness or injury: Incapacitating conditions, such as severe illnesses or accidents, can prevent an individual from managing their affairs. A power of attorney ensures that someone can step in immediately to handle urgent medical and financial decisions.
• Extended travel abroad: Individuals who travel or live abroad for long periods need someone to manage their domestic affairs. A power of attorney can allow a trusted agent to pay bills, manage real estate, or handle other essential day-to-day tasks. 
• Aging and cognitive decline: Elderly individuals often experience a gradual decline in their cognitive abilities. A power of attorney allows a trusted person to handle financial and medical decisions as needed. 
• Business continuity: Business owners can designate a partner or associate to manage business operations during their absence. This step can ensure essential business activities and decisions are not disrupted during a planned absence. 
• Military deployment: Service members deployed overseas might rely on a power of attorney to manage their personal and financial matters back home. Having someone empowered to manage your affairs while you are away can provide peace of mind. 
• Legal complications: During legal disputes or complicated legal transactions, having a power of attorney can help manage and negotiate issues effectively. The designated agent can represent your interests, ensuring legal processes continue smoothly. 
• Estate planning: If you have an established estate plan, a power of attorney can help in the management of your financial affairs as part of a comprehensive estate plan. Our estate planning attorney also provides will drafting and updating services. 
• Temporary incapacitation: A power of attorney can help clarify situations like elective surgery or recovery from an illness where temporary incapacitation is expected. A power of attorney allows for continuity in managing affairs during the recovery period. 

By understanding these various reasons, individuals can better appreciate the importance of establishing a power of attorney and ensuring their affairs are managed according to their wishes under different circumstances. Our experienced power of attorney lawyer is ready to support you today in English, Russian, Greek, Bulgarian, Spanish, Urdu, Punjabi, and Hindi. Send us a message online right now to schedule a consultation. 

Work With the Best Attorney

Whether you need to have help drafting or changing your general or medical power of attorney in Indianapolis, you must be sure you are choosing only the best attorneys to help with your estate planning. Get in touch with the attorneys at the Law Offices of Eugene Mogilevsky, LLC. today. We have a wealth of experience and knowledge when it comes to providing our clients with estate law services they can trust. 

You can call us at (317) 743-7958 or contact us online to set up a consultation with our Indianapolis power of attorney lawyers.