A power of attorney (POA) is a legal document that gives someone else the authority to make decisions on your behalf. It is a valuable tool for those who are unable to make decisions for themselves, either due to illness, injury, or other circumstances. If you’re considering a power of attorney, here’s what you need to know.
Types of Powers of Attorney
There are two main types of powers of attorney: durable and non-durable.
A durable power of attorney remains in effect even if the person granting the power becomes incapacitated. This means that the appointed agent can make decisions for the grantor if they are unable to do so themselves. A non-durable power of attorney, on the other hand, only lasts for a specified period of time or until the grantor becomes incapacitated.
Another type of power of attorney is a springing power of attorney, which only becomes effective when the grantor is unable to make decisions for themselves. This type of POA requires the grantor to specify the circumstances under which the agent’s powers become effective.
What a Power of Attorney Can Do
A power of attorney can be as broad or as limited as you like. It can give someone the power to make decisions about your finances, medical care, or both. Some powers of attorney are limited to specific tasks, such as selling a house or signing a contract.
The power of attorney can be revoked at any time by the grantor. If the grantor dies or becomes incapacitated, the power of attorney is automatically revoked.
Why You Need a Power of Attorney
A power of attorney can be a valuable tool if you’re unable to make decisions for yourself. It can ensure that your wishes are followed and that your financial and medical decisions are made by someone you trust.
If you don’t have a power of attorney in place and become incapacitated, the court may appoint a guardian or conservator to make decisions for you. This can be time-consuming and expensive, and the appointed guardian may not be someone you would have chosen.
It’s important to think about who you would want to make decisions for you and to plan ahead. Having a power of attorney in place can give you peace of mind and ensure that your wishes are followed.
Contact Selena A King PLLC
At Selena A King PLLC, we understand the importance of powers of attorney. We can help you create a power of attorney that meets your needs and ensure that your wishes are followed. Contact us today to schedule a consultation.
