Dedicated estate planning attorneys assisting clients with all of their estate planning needs in Arlington Heights, Libertyville, Cary, Itasca, and Chicago.
Each year, there are hundreds of thousands of individuals diagnosed with an illness, terminal disease, or involved in an accident that causes great strain on their health. These unforeseen events leave many incapable of handling their day-to-day affairs. Life’s responsibilities do not disappear when your health is failing. To ensure that you are protected in the event of an illness or injury, Newland & Newland, LLP will help you establish a power of attorney so that your loved one can protect your interests by handling your important affairs when you are no longer able to. Contact an experienced attorney at Newland & Newland, LLP today to discuss your ability to obtain a durable power of attorney.
Obtaining a Financial Power of Attorney in Illinois
Newland & Newland , LLP understands how an unexpected injury or illness can leave a family devastated. The unfortunate reality is that many Americans are living from paycheck to paycheck and cannot assume responsibility for their loved one's monthly finances in addition to their own. With the assistance of Newland & Newland, LLP and proactive planning, you do not have to worry about how your monthly expenses will be paid. A financial power of attorney will allow your loved ones to continue financial payments as necessary for your protection. A financial power of attorney will allow the designated agent (the person authorized to act on your loved one's behalf) to continue payments for any property or services such as mortgage or rent payments, electric, vehicle, or credit card payments. This type of power of attorney will provide access to any and all of your financial accounts. It is important to ensure that any designated person is responsible and trustworthy.
Designating a Property Power of Attorney
An experienced attorney at Newland & Newland, LLP can also assist you in obtaining a property power of attorney in Illinois. With a property power of attorney, your loved one has the power to make decisions regarding any of your property, including:
- The power to engage in real estate transactions (buying, selling, renting, or leasing);
- The power to dispose of personal property
- The ability to engage in borrowing transactions allowing a mortgage or pledge of real estate as a security;
A property power of attorney provides many benefits. To discuss your estate planning options contact one of our experienced attorneys today.
Speak with an Experienced Libertyville Estate Planning Lawyer
At Newland & Newland, LLP our goal is to ensure that our clients are prepared for the unknown events that lie ahead. If you have waited to establish an estate plan, now is the time to put it into action. Our firm has several offices located throughout Illinois, making it easier to meet with us at your convenience. We have five offices located in Arlington Heights, Libertyville, Chicago, Cary, and Waukegan. Our Waukegan, Illinois offices is an appointment only office. Contact one of our attorneys today for an initial consultation.