Powers of Attorney Lawyer
Empower Your Loved Ones to Help You
Many people may associate establishing powers of attorney with old age or becoming very ill. While these circumstances certainly warrant this kind of estate planning, they are certainly aren’t the extent of it. Just as with a will, trust, or Advanced Directives, anyone can benefit from having their powers of attorney clearly outlined – regardless of age, health, or wealth.
If you need to establish your powers of attorney, let Legacy Planning Group guide you through the process. Our attorney has the experience and skill it takes to provide you with the personalized level of service you need. When you work with us, we’ll invest time in learning as much as possible about your needs and goals. With this input, we can provide options and solutions that can help you realize the best possible outcomes.
Four Types of Attorney Powers
A power of attorney is a legal document that allows you to appoint an agent to make decisions for you when you become incapacitated from illness or injury, or even if you simply need someone else to take care of specific tasks in your place.
It’s important to consider that you can often specify certain triggers for when a power of attorney activates, how long it remains active, under which circumstances it remains active, and other details.
There are four basic types of attorney powers:
- Durable Power of Attorney allows you to assign an agent to do almost anything you would otherwise do for yourself, including opening bank accounts in your name and managing your finances. Because it is “durable,” this power of attorney lasts even if the principal (you) becomes incapacitated – making it a powerful tool to ensure your finances and other affairs remain in order while you are in the hospital.
- General Power of Attorney provides all of the same possibilities and powers as a durable power of attorney, with the exception that it terminates as soon as a triggering event occurs. Such events may be the principal’s incapacitation, death, or revocation of the power.
- Special or Limited Power of Attorney is typically used when the principal requires a certain task performed (such as selling real estate) or if they need to assign a power of attorney to an agent for a specific period of time (such as during an international business trip).
- Springing Durable Power of Attorney empowers your agent with various permissions when a specific event occurs or when the principal becomes incapacitated. As its name implies, this power of attorney “springs” into action when events specified by the principal come to pass.
“Working with Geoff and his team was an easy and stress-free experience.”- Cheri M.