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Who Acts For You When You Cannot?
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If you had to be away at the time of an important transaction, or if you suddenly became incapacitated, who would act in your place? Fortunately, there is a legal document that lets you name someone to act for you in situations like these - the "power of attorney."
There are different kinds of powers of attorney. A standard power of attorney lets you appoint someone to handle financial affairs. You can grant power over all your property, or limit the authority to handling a certain task. A standard power of attorney ends when you die, become incapacitated, or on a set date.
A durable power of attorney is like a standard power of attorney, except it stays valid even if you become incapacitated. Durable powers of attorney are often used to help avoid guardianship proceedings - because someone has already been appointed to handle your affairs, a court won't have to.
A durable power of attorney for health care lets you authorize someone to make your medical decisions if you cannot.
Powers of attorney are valuable planning tools. Laws regarding them are complex, so you should seek legal help in making or changing one.
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All article material © 2003 ANSI.
These Articles may not be reused or
sold in any other way without our permission.
The articles contain general legal information, that law varies from state to state,
and that professional legal advice should be sought before acting on any matter.
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