Powers of Attorney

Powers of Attorney

Powers of attorney can be important to have in place so that you have someone you trust available to make decisions on your behalf in the event that you are unable to do so for yourself. These documents have the potential to give the bearer significant authority, and it is important to understand the power you are handing over.

An experienced attorney can help you to understand the implications of granting a specific power and work to ensure that your interests are protected. At the Vern D. Richards Law Office in Frisco, Texas, I represent clients in all types of power of attorney matters. I pride myself on my ability to provide customized solutions that specifically address your needs.

Providing Comprehensive Solutions

When granting a power of attorney, there are a number of details that need to be considered before it is finalized. We will cover contingency plans in the event that your agent passes away or is otherwise unable to perform his or her duties, special instructions for your agent, when the power takes effect and other issues. I will walk you through the entire process and make sure you understand everything before it is signed.

I can help you prepare powers of attorney for many types of authority, including:

  • Health care proxy
  • Property transactions
  • Stock, bond and commodity transactions
  • Banking transactions
  • Insurance transactions
  • Retirement plan transactions
  • Business operations
  • Tax matters
  • Benefits from social security, Medicare and Medicaid
Read More

About Trusts Law

Trusts Law

Depending on your situation, a trust can be a good way to pass property on to your beneficiaries. A trust allows you to place specific assets in the care of a trustee who will manage them, based on your instructions, on behalf of the beneficiaries. Then, at a time of your choosing, the assets will be distributed according to your wishes.

There are a number of things that need to be considered in the preparation of a trust. I can help you understand all the relevant legal issues concerning your situation, as well as the advantages and disadvantages involved with trusts.

Finding the Right Solution for You

People choose to establish trusts for many different reasons. Asset protection, tax benefits, preservation of Medicare eligibility and other considerations can all come into play. In addition, assets placed in a trust avoid the probate process, which can often be extremely time consuming and expensive. Trusts can include all types of financial or monetary assets and other property.

I am prepared to help you establish any type of trust, including:

  • Living trusts or revocable trusts
  • Irrevocable trusts
  • Special needs trusts
  • Education trusts
  • Charitable trusts
Read More

The Law About Wills

Law About Wills

No one wants to think about the end of their life, their mortality, or what might happen to their family if they were to pass away. However, if you have substantial assets, the thought of the state dividing your money, your property and your valuables as they see fit after you die can be even worse. If you don’t have a will, your estate will be divided among your next of kin by the state, potentially leaving your loved ones with very little after you pass away. However, with a will, you can specify what you want given and to whom, so your loved ones can know that you are caring for them even after you are no longer with them.

Setting up a will doesn’t have to be a frightening or intimidating process when you have the right assistance. While it is possible to create a will on your own, it is not always in your best interest or the best interest of your loved ones for you to do so. Creating a will that can be legally carried out after your death requires the skill and expertise of a seasoned attorney. I have successfully helped clients just like you draft the documents that give them peace of mind that their loved ones will be taken care of and their wishes will be honored after they pass away. I am available now to do the same for you.

When you need an attorney who will help you create a will that you can be confident meets every legal requirement, call me today.

Read More