A power of attorney (POA) is a legal document that gives someone else the authority to make decisions on your behalf. The person you appoint is called your “agent” or “attorney-in-fact.” There are different types of POAs, and each one grants your agent different powers. For example, a financial POA gives your agent the authority to handle your finances and make financial decisions on your behalf.
You can appoint anyone you trust as your agent, but it’s important to choose someone who is responsible and organized. You should also discuss your wishes with your agent before appointing them. An attorney can help you understand the different types of POAs and choose the best one for your needs. They can also help you draft and execute the POA document.
What Types of Power of Attorney Are There?
There are two main types of power of attorney: general and limited.
A general POA gives your agent broad powers to handle your affairs as they see fit. You can use a general POA to give someone authority over all of your financial affairs, or you can give them authority to make medical decisions on your behalf. A limited POA, on the other hand, only grants your agent specific powers. For example, you could give someone a limited POA to sell your house while you’re away on vacation. Once the sale is complete, their authority under the POA would end.
You can also choose to have a Durable Power of Attorney, which means that the document will remain in effect even if you become incapacitated. This is an important consideration if you want to make sure your affairs are taken care of if something happens to you and you’re unable to make decisions for yourself. If you’re not sure which type of POA is right for you, an experienced attorney can help you understand your options and make the best choice for your needs.
How Can a Lawyer Help Me?
An attorney can help you understand the different types of POAs and choose the one that aligns with your goals and visions. They can also help you draft and execute the POA document. In some cases, they may even be able to act as your agent under a POA. We would be happy to answer your questions and provide you with the guidance you need.
When Should I Contact a Lawyer About My Legal Needs?
You should contact a lawyer when you need legal assistance or have questions about your legal rights. If you have any questions about powers of attorney or need legal assistance, please contact our office. We would be happy to answer your questions and provide you with the guidance you need. The sooner you reach out to a POA lawyer, the sooner we can protect your future. Contact us to set up your free initial consultation and see just how we can help you and your legal needs at 248-572-1050 today.