An Enduring Power of Attorney is a legal document that allows you to appoint a legal representative who can manage your business, assets, and accounts even if you lose the ability to make decisions yourself. Unlike a regular power of attorney, an enduring power of attorney remains valid even after you lose mental capacity, making it an essential legal protection tool for every person at any age.

In recent years, the number of Israelis who understand the importance of advance legal planning has grown significantly. The Ministry of Justice and organizations such as Yad Sarah emphasize the need for advance preparation, especially for elderly individuals or those facing health challenges. The Law Office of Adv. David Wasser specializes in guiding this process from start to finish, ensuring compliance with all Ministry of Justice requirements and Israeli law.

What You Need to Know About Enduring Power of Attorney

• Full Legal Validity: An enduring power of attorney is recognized by the Ministry of Justice, banks, public institutions, and courts in Israel.
• Personal Protection: The document ensures that someone you choose can handle your affairs if you lose the ability to make decisions.
• Control of the Process: You determine yourself who your representative will be, what powers they will have, and under what conditions.
• Cost Savings: Establishing an enduring power of attorney in advance saves substantial legal costs in the future, especially if court intervention becomes necessary.
• Discretion and Dignity: The process is conducted with full legal precision, while protecting your privacy and dignity.

The Law Office of Adv. David Wasser provides comprehensive guidance at every stage: from initial consultation, through document preparation in accordance with Ministry of Justice requirements, to documentation and official submission. We understand that this is a sensitive and personal matter, which is why we conduct ourselves with warmth, attentiveness, and excellent professionalism.

The process of establishing a durable power of attorney requires high legal precision and deep knowledge of Ministry of Justice requirements. Contrary to common misconception, it is not merely signing a form — it is a comprehensive legal process that ensures the document is valid, binding, and legally protected.

Main steps in the process:

1. Initial legal consultation
We meet with you to understand your situation, needs, and concerns. We explain all available legal options and examine whether a durable power of attorney is the right choice for you. At this stage, you can ask any question without cost or obligation.

2. Selection of the Attorney-in-Fact
This is a critical step. You must choose a person you trust completely — a family member, close friend, or even an authorized organization such as Yad Sarah. We help you understand the steps, powers, and implications of your choice.

3. Determination of Powers
You specify exactly what powers your representative will have. Will he be able to manage bank accounts? Make medical decisions? Sell assets? All of this is clearly defined in the document.

4. Preparation of the Legal Document
Law Office of Attorney David Wasserman prepares the durable power of attorney in accordance with Ministry of Justice requirements precisely. The document is written in clear language, is legally compliant, and includes all required clauses.

5. Authentication and Signature
In most cases, signature in the presence of a legal witness or notary is required. This ensures the validity of the document and protects it from misunderstandings or future challenges.

6. Filing and Record Management
After signature, we handle the official filing with the Ministry of Justice (if required) and manage the document archive. You receive an original copy that you can use with banks, hospitals, and public institutions.

Each step in the process is supervised by Law Office of Attorney David Wasserman, ensuring compliance with all legal requirements and protection of your data.

A common question is: How much does it cost to establish a durable power of attorney? The answer depends on several factors, but it is important to know that investing in a durable power of attorney in advance saves enormous legal costs in the future.

Factors Affecting the Price:

Complexity of Your Situation: If you have many assets, a complex family structure, or special legal needs, the process may take longer and cost more.

Type of Agent: Choosing a private agent (family member) is usually less expensive than choosing an authorized organization such as Yad Sarah, which charges annual management fees.

Ministry of Justice Requirements: If your document requires extended legal authentication or formal filing, this may add costs.

Additional legal consultation: If you need additional consultation on related matters (such as wills, inheritance, or business planning), this will add to the total cost.

Recommended Price for Durable Power of Attorney:

The Israel Bar Association publishes recommended prices for legal services. For a basic durable power of attorney, the recommended price generally ranges between 1,500 to 3,500 shekels, depending on additional costs. However, in complex cases, the cost may be higher.

Attorney David Vasserman's Office offers competitive and transparent pricing — you know exactly what you are paying and why. We believe in fairness and no hidden fees.

Comparison: Cost of a Durable Power of Attorney versus Court Intervention Costs:

If you do not establish a durable power of attorney in advance, and should you lose the ability to make decisions, your family or representatives may need to file a petition with the court for the appointment of a guardianship. This process can cost tens of thousands of shekels, take months or years, and be extremely frustrating. In comparison, investing in a durable power of attorney is inexpensive and economical.

Two common questions we are asked are: How is a durable power of attorney used at a bank? And what does Yad Sarah have to do with it? Let us clarify these two points.

Durable Power of Attorney at a Bank:

When you have a durable power of attorney, you can grant your agent (such as a family member or dispute manager) the authority to manage your bank accounts. This means that your agent will be able to deposit money, withdraw funds, pay bills, and manage your finances if you are unable to do so yourself.

To use a durable power of attorney at a bank, you need to present the original document or a certified copy to the bank. The bank will review the document, verify its validity, and establish an account or authority for your agent. This is especially important if you are diagnosed with a condition such as Alzheimer's disease or diabetes that may affect your ability to manage financial affairs.

Durable Power of Attorney and Yad Sarah:

Yad Sarah is an Israeli non-profit organization that provides assistance to elderly people, people with disabilities, and people who need legal representation. Yad Sarah can serve as your legal representative under your durable power of attorney, especially if you do not have a family member or friend you trust completely.

If you choose Yad Sarah as your agent, the organization will manage your affairs, including financial management, medical decision-making, and communication with authorities. Yad Sarah is licensed by the Ministry of Justice and must operate in accordance with strict legal laws and regulations.

However, it is important to know that Yad Sarah charges annual management fees for its services. These fees vary depending on the type of care and associated costs. If you choose a private agent (such as a family member), you will not be required to pay these fees, but you should be confident that your agent can handle your affairs fairly and transparently.

The Law Office of Attorney David Wasserman can help you decide between a private agent and Yad Sarah, based on your needs, your financial situation, and your family situation.