St. Petersburg Powers of Attorney Lawyers
Experienced Estate Planning Lawyers
Endowing someone with power of attorney means that you are giving them the authority to make decisions on your behalf. Unlike a living will or advance directive, you do not need to be incapacitated for someone with power of attorney to speak for you. They can exercise their authority for as long as you designate them to have powers of attorney.
Granting powers of attorney can endow an individual several privileges, including the legal ability to:
- Handle your finances
- Manage your property
- Make medical decisions should you become incapacitated
- Buy and sell property
- Collect debts
- Oversee business transactions
You can also grant powers of attorney to more than one person. Many people choose to name their spouse and children as attorneys-in-fact. Durable powers of attorney are not just forms – they are powerful documents that should be customized to meet each person’s estate plan, goals, and family situation. Making your own power of attorney from a store bought form can result in difficulties. You should consult with a knowledgeable elder law or estate planning attorney for this kind of document.
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