Powers of Attorney
A power of attorney (POA) is a document that allows another person (agent or attorney in fact), to act on your behalf (the principal). The power of attorney can be limited to certain areas of affairs or can be general and allow an agent the ability to manage all aspects of the principal’s affairs. Powers of attorney can be durable or nondurable. Durable powers of attorney remain effective if the principal is ever incapacitated while nondurable powers of attorney do not. All POA’s terminate or expire at the death of the principal and the agent loses the ability to act on behalf of the principal when the principal dies. Powers of attorney can be a useful tool in the management of a principal’s estate.
Contact us to arrange an appointment to speak to one of our lawyers about powers of attorney.
*This material is educational only, it does not constitute legal advice, it should not be relied on and it does not create an attorney-client relationship.