Lasting Power of Attorney — Legal Protection for Your Future

Lasting Power of Attorney is an essential legal tool that enables a person (the donor) to grant another person (the attorney) authority to manage their personal, financial, and medical affairs even if they lose the capacity to make decisions in the future. Following this period, during which many citizens in Israel have recently raised numerous questions regarding the importance of this document and its differences from a ordinary power of attorney.

The law office of Attorney David Wasserman in Modiin provides professional legal guidance in preparing a lasting power of attorney. We understand that this is a personal and important decision, which is why we offer legal advice with integrity, absolute discretion, and a clear and easy process.

What Exactly is a Lasting Power of Attorney?

A Lasting Power of Attorney is a legal document that allows a person aged 18 and above to grant powers to their representative. Unlike an ordinary power of attorney, it remains in effect even if the donor loses the capacity to make decisions (for example, due to neurological illness, accident, or aging). It is an important protective tool that provides peace of mind for both the donor and their family.

Steps in the Lasting Power of Attorney Preparation Process

• Initial Legal Consultation: At the first meeting, we understand your needs, your wishes, and your particular circumstances. We explain all the legal options available to you.
• Selection of Attorneys and Powers: You choose one or more representatives (such as a spouse, child, or other trusted person) and determine which powers they will receive (financial, medical, or both).
• Document Preparation: Your attorney prepares the power of attorney in accordance with legal requirements, while maintaining all formal requirements.
• Signature and Witnessing: The document must be signed before appropriate witnesses, in accordance with legal requirements.
• Registration and Filing: After signature, the power of attorney can be submitted for registration (for example, with a bank or health services) to make it effective.

Each step in this process requires deep legal understanding and attention to detail. Our office guides you through every stage, from the initial consultation to the final filing.

Enduring Power of Attorney — Types, Powers and Benefits

Enduring power of attorney can be divided into two main types: financial power of attorney and healthcare power of attorney. In certain parts of Israel, such as Ramat HaSharon, there is high demand for these services due to increased legal updates and growing public awareness of the importance of advance legal planning.

Types of Enduring Power of Attorney

Financial Power of Attorney: Grants your representative authority to manage your financial affairs, including: withdrawing funds from bank accounts, conducting real estate transactions, managing investments, and paying bills. This is especially essential if you want someone to maintain your assets when you are unable to do so.

Healthcare Power of Attorney: Grants your representative authority to make medical decisions on your behalf, including: selecting treatments, accepting or refusing treatments, and obtaining medical information. This is particularly significant for decisions with critical implications.

Benefits of Enduring Power of Attorney

• Peace of Mind: Knowing you have someone trustworthy who can care for you if needed.
• Avoiding Lengthy Legal Proceedings: Without an enduring power of attorney, your family may be required to petition the court to appoint a guardian, an expensive and protracted process.
• Privacy Protection: Enduring power of attorney is a private document, unlike court proceedings which are public.
• Control Over Your Life: You determine exactly who can make decisions on your behalf and under what conditions.
• Relatively Low Cost: Compared to lengthy legal proceedings, preparing an enduring power of attorney is less expensive.

The Law Office of David Wasserman specializes in preparing these documents with the utmost precision, taking into account all applicable legal nuances and relevant guidelines.

Lasting Power of Attorney Price — What to Expect?

A very common question is: "How much does a lasting power of attorney cost?" The answer depends on several factors, including: document complexity, number of agents, types of authorities you wish to grant, and your current health status.

Typical Price Range

In Israel, the recommended price for a lasting power of attorney typically ranges between 800 and 2,500 shekels, depending on complexity. David Wasserman Law Office offers competitive and transparent pricing with no hidden costs. We believe in complete transparency and explaining each expense.

What Affects the Price?

• Document Complexity: If you have complex assets or complicated family circumstances, the price may be higher.
• Number of Agents: If you choose multiple agents, this may affect the price.
• Type of Authorities: Financial power of attorney only, medical only, or both together — each can have a different cost.
• Additional Services: If you need additional consultation, registration, or filing with authorities, this may add to the cost.

Lasting Power of Attorney Price at Banks and Other Services

It is important to note that sometimes banks and other organizations (such as Yad Sarah) require that a power of attorney document be in a specific format or undergo their approval. Our office is familiar with the requirements of relevant organizations and knows how to prepare a document that will be accepted everywhere.

The Israeli Bar Association sets recommended price guidelines, but each law office can offer its own price. We offer quality service at a fair and affordable price.