Aging adults are sometimes reluctant to execute powers of attorney, fearing that they could enable the agent to take control of their finances or place them in a nursing home over their objections. While it is reasonable and understandable to have these fears, knowing how powers of attorney work and when they go into effect will likely make you feel more comfortable creating these essential legal documents. Powers of attorney exist first and foremost to protect the person who creates them. There are different types of POAs you can use depending on whether you want your agent’s powers to go into effect immediately or not until you are incapacitated. An experienced Glen Ellyn, IL estate planning lawyer can help make sure you have the right incapacity planning documents prepared when you need them.
