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Without a Power of Attorney for Property, if you become incapacitated it may be necessary for someone to petition a court to be appointed as your guardian in order to make or carry out your financial decisions and manage your assets for you when you are incapacitated. This guardianship process is time consuming and expensive, often costing thousands of dollars. Worse, because you are incapacitated, you may not necessarily have a say in the court’s selection of the person whom the Court appoints as your guardian. If there is any family disagreement about who should serve as your guardian, this process can be emotionally and financially draining for your family and loved ones.
Schening & Dopke Law, LLC is located in South Elgin, IL and serves clients throughout Kane, DuPage, DeKalb and Cook Counties and the surrounding areas.