Having a Power of Attorney lawyer handle your legal needs can be an invaluable asset in a wide variety of situations. The right attorney can help you understand your options and protect your interests. They can assist you with wills, trusts, tax returns, and other legal matters. Learn how to find power of attorney lawyers near you so that you can get the specialized help you need.
What is a power of attorney?
A power of attorney is a legal document that authorizes an individual or organization to act on another’s behalf in financial or legal matters. In the document, the principal (the person granting the power) authorizes another person, known as the “attorney-in-fact” or “agent,” to perform certain tasks and make decisions in their name. These can include managing finances, selling property, and suing on behalf of the principal.
How Can You Identify a Power of Attorney Lawyer Near You?
An estate planning attorney (or estate planning lawyer) prepares powers of attorney. They will have software that makes sure your document is valid. They will also belong to a relevant organization of other estate planners. For example, we belong to WealthCounsel. The benefit is that we have an in-depth knowledge of this area of law. And if we run across an unusual situation, we have other power of attorney lawyers we can talk to.
In contrast, a general practitioner may practice lots of different areas of law. They may do divorces, and DUIs, and also print off power of attorney documents. But they won’t be able to give you the same confidence that you are getting the proper document.
The different types of power of attorney.
There are different types of Power of Attorney documents. These include:
- General Power of Attorney,
- Health Care Power of Attorney,
- Special Power of Attorney,
- Durable Power of Attorney and
- Springing Durable Power of Attorney.
Each one has distinct advantages and can be used for different purposes. A General Power of Attorney give the agent the ability to act on behalf of the principal in most financial situations. A Health Care Power of Attorney gives the agent the ability to make health and medical decisions (including where the principal lives, and who can visit the principal). A Special Power of Attorney is used when more specific tasks are needed and less broad permission is required from the principal. A Durable Power of Attorney continues even if the principal becomes incapacitated. In comparison, a Springing Durable Power of Attorney only goes into effect when certain conditions are met.
When can you use a power of attorney?
You can use a Power of Attorney in many situations, such as when a person is leaving the country for an extended period of time and needs someone to handle their business dealings. The agent can also use it if somebody is too sick to manage their own affairs. It could also be used in cases where someone needs help with tasks that require legal documents to be signed or for banking purposes. Ultimately, Power of Attorney enables someone else to take care of certain legal matters on the principal’s behalf without the need for court involvement.
The benefits of a comprehensive estate plan.
An effective estate plan enables someone to manage their assets and make decisions regarding their property before they pass away. A Power of Attorney is an important component of a comprehensive estate plan. That’s because it allows the attorney-in-fact the authority to make binding decisions for the principal in case the principal is unable or unwilling to do so. It also makes sure that valuable assets are managed wisely and transferred effectively when the principal can no longer act.
An experienced estate planning attorney will be able to see the big picture. He or she can provide you with the appropriate documents. For more information about selecting a power of attorney lawyer near you, read “10 Things To Consider When Choosing An Estate Plan Attorney.” Don’t limit yourself to only getting a power of attorney if you may need a more comprehensive solution.
What mental capacity is required to sign a power of attorney?
The principal must be mentally competent in order to legally sign a power of attorney. That is, they must understand the nature and consequences of signing this document. The lawyer handling the power of attorney should ensure that the principal comprehends what they are signing. The lawyer will also explain how the document will affect their legal life and estate planning before proceeding.
If you’re looking for a power of attorney lawyer near you, then you’ve come to the right spot. We help people throughout Maricopa County, Arizona. And if you life somewhere else, still give us a call and we can refer you to someone we trust. Wherever you are, call us at 602-443-4888.