What Is A Power of Attorney?
A power of attorney, often referred to as a POA, is an important legal document that allows you to choose someone to manage your affairs should you become too sick or incapacitated to manage them yourself. There are many different powers of attorney types, and an experienced estate planning lawyer can help you decide which one you need for your individual life situation.
Power of Attorney Types
Depending on your situation, you may choose to designate one of the following powers of attorney:
- General Power of Attorney
- Health Care Power of Attorney (aka power of attorney medical)
- Limited Power of Attorney
- Springing Power of Attorney
- Financial Power of Attorney
- Military Power of Attorney
A skilled estate planning lawyer can meet with you to explain the various types of powers of attorney and help you decide which kind is best for you.
Who Needs a Power of Attorney?
Anyone with assets can benefit from a power of attorney document. The great thing about these types of legal documents is that you can establish them now and mandate that they only take effect if and when you need them. In this way, powers of attorney are some of the most versatile and impactful estate planning tools there are.
Power of Attorney Benefits
The primary benefit of designating a power of attorney is having the peace of mind that your affairs are in the hands of someone that you trust. You can choose to include a power of attorney after death in your will or designate a power of attorney now to handle specific matters. Without a power of attorney, your healthcare or finances could be in jeopardy if you become unable to make important decisions, for whatever reason.
Why Hire an Estate Planning Lawyer for Power of Attorney?
A power of attorney is an important legal document, so preparing one is not intended to be a do-it-yourself job. Instead, you need a professional estate planning attorney on your side. The experienced law staff at Ensberg Law Group are experienced with powers of attorney and can provide you with the assistance you need to put all of your affairs in order. Like all good estate planning steps, designating a power of attorney can provide you with a great sense of peace about the future.