New Jersey Estate Planning Attorney Christine Matus Discusses the Powers of Attorney in Estate Planning in NJ
Dec 16, 2022
December 16, 2022 - /PressAdvantage/ - New Jersey estate planning attorney Christine Matus (https://matuslaw.com/estate-planning-101-understanding-powers-attorney-2/) releases a new article explaining the powers of attorney in estate planning. The lawyer says that a POA (power of attorney) is a document giving someone else certain rights that an individual may have. The principal grants authority to the attorney in fact to act on their behalf. There are four types of power of attorney. These are Durable Powers of Attorney, Limited Powers of Attorney, and Springing Powers of Attorney.
According to the New Jersey estate planning attorney, “A general power of attorney is the most wide-reaching grant of power available. The person that you designate can act in a variety of situations, including dealing with your financial matters. This POA is infrequently used as it is extremely broad, and many people do not want to give this much power to someone else.”
The lawyer explains that a general power of attorney will become active once the document has been drafted. It will continue in effect until the principal is incapacitated or dies. A durable power of attorney is the next type of power of attorney. This is often used to make decisions about health care but can also be used for other purposes.
Attorney Christine Matus says that a durable power of attorney will still be valid after the principal becomes incapable or incapacitated to manage their affairs. This is often used in cases when the principal has dementia or another incapacitating condition.
According to attorney Matus, the limited power of attorney allows the principal to limit the rights that the attorney-in-fact can have. This power can be as restricted as the principal wishes. The power of attorney may also be limited to a particular period.
“A springing POA “springs” into action when the principal becomes incapacitated or debilitated. It will not apply immediately when written, unlike other types of POAs. You may need to have a doctor’s opinion to determine when someone is incapacitated. However, establishing incapacitation or debilitation can sometimes be difficult, which makes this POA tricky in some circumstances,” says the estate attorney.
Lastly, the lawyer emphasizes the importance of having a skilled estate planning lawyer. Having an experienced attorney may be able to help the family understand their rights and ensure that the assets are distributed according to the owner’s wishes.
About the Matus Law Group
The Matus Law Group has a team of estate planning attorneys who are committed to helping families and individuals in real estate transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (732) 785-4453.
The Matus Law Group
125 Half Mile Rd #201A, Red Bank, NJ 07701
(732) 785-4453
###
For more information about Matus Law Group - Monmouth County, contact the company here:
Matus Law Group - Monmouth County
Christine Matus
(732) 785-4453
[email protected]
Matus Law Group - Monmouth County
125 Half Mile Rd Red Bank, NJ 07701
ReleaseID: 60056757
More News
Polygamy, Ghosts and Grief Collide in ‘Marlina’ Director Mouly Surya’s Busan Asian Project Market Drama ‘The Wife Who Can See Dead People (Or Jinn)’
A young bride who sees ghosts joins a polygamous Muslim household and forms a bond with one of her husband’s other wives in “The Wife Who Can See Dead People (Or Jinn),” the new project from Indonesian director Mouly Surya (“Marlina the Murderer in Four Acts”). The project is part of the Asian Project Market, […]
Andrew Garfield Reacts to Oscar Buzz as ‘Artificial’ Gets Resounding London Reception: ‘So Flattered That Anyone Is Going to See This Film in the First Place’
“Artificial” isn’t hitting theaters until December, but Andrew Garfield is already sparking Oscar buzz for his performance as OpenAI CEO Sam Altman. Luca Guadagnino’s tech tale, which follows the five-day period in 2023 when Altman was fired and then rehired, earned rave reviews after its world premiere at New York Film Festival last week. Both […]
Sacha Baron Cohen Confirmed To Star In Quentin Tarantino’s ‘The Popinjay Cavalier’ West End Stage Play With Dates & On Sale Window Announced
UPDATED with official statements & dates: Producers of Quentin Tarantino’s stage play The Popinjay Cavalier today confirmed what Deadline reported a month ago: Sacha Baron Cohen will star in the director’s first stage play, which will premiere on the West End next spring. The venue and opening date were also revealed. Previews begin on February 23 […]
Diane Keaton’s Daughter Misses "Everyday Moments" With Her After Death
Diane Keaton’s daughter is continuing to grieve the heartbreaking loss of her mom. On the first anniversary of the Oscar winner’s death, Dexter Keaton White honored Diane with an emotional...
‘Da Bears’ and the ‘SNL’ Sketch That Immortalized Mike Ditka
After a “Saturday Night Live” sketch, Ditka, the former Chicago Bears coach who died last week, became known far and wide as an indomitable leader of men.
Reza Rahadian Turns His Grandmother’s Decades in Exile Into Busan Asian Project Market Drama ‘Casparina’
A journalist stripped of her Indonesian citizenship in 1965 comes home decades later to children who grew up without her in “Casparina,” the second feature from actor-director Reza Rahadian, inspired by the life of his grandmother Francisca Casparina Fanggidaej. The project is part of the Asian Project Market, which runs within the Busan International Film […]
Kelly Clarkson Hits Back at Brooklyn Store’s Response to Her, Addresses Their Claim Item Wasn’t For Sale
Kelly Clarkson is reacting to Art of Play’s response to her calling out the Brooklyn shop. The 44-year-old Emmy Award-winning […] The post Kelly Clarkson Hits Back at Brooklyn Store’s Response to Her, Addresses Their Claim Item Wasn’t For Sale appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
How Many Of The American Film Institute's Top 100 Movies Have You Seen?
You're probably missing a couple of classics! View Entire Post ›
Creator Dhar Mann on Partnering With Hollywood Studios and His Vision for Creator City in Los Angeles
At content showcase Mipcom on Sunday, creator Dhar Mann – who has 170 million followers on YouTube – spoke about his partnerships with Hollywood studios, how he intends to launch one new series every single month on his YouTube channel, and his vision for Creator City in Los Angeles. In some respects, Mann’s production company […]
John Cena Says ‘I Understand’ Why ‘Peacemaker’ Isn’t James Gunn’s Main Focus Compared to Other ‘Valuable’ DC Studios IP
John Cena, who starred as the patriotic mercenary Christopher Smith in James Gunn’s “Peacemaker,” recently said that he understands why the show is no longer a top priority for Gunn, who served as the TV series’ writer, creator and showrunner. In an interview with “Happy, Sad, Confused” podcast host Josh Horowitz, the actor first answered […]
Law Kar-ying and Paw Hee-ching Joined by Sham Kaki, QBobo, Virginia Lau, Ahstisham Ahmad and Jayan Marquez in Sri Kishore’s ‘The Grand Tribute’ (EXCLUSIVE)
Sri Kishore has set his supporting cast for “The Grand Tribute,” adding Sham Kaki, QBobo, Virginia Lau, Ahstisham Ahmad and Jayan Yvette C. Marquez alongside Hong Kong veterans Law Kar-ying and Paw Hee-ching, with the Hong Kong shoot underway. The story follows a Cantonese opera performer in his 70s staging one final show as a […]
Kelly Osbourne Reveals How Much Weight She’s Gained Since Dramatic Weight Loss After Her Father’s Passing
Kelly Osbourne is sharing a new update after her dramatic weight loss over the past year. The 41-year-old TV personality […] The post Kelly Osbourne Reveals How Much Weight She’s Gained Since Dramatic Weight Loss After Her Father’s Passing appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Recommended
23 Embarrassing Celebrity Interview Moments
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.