Together with a will, power of attorney (or POA) for finances and healthcare needs be part of everyone’s estate planning documentation. Read below to find out about the different kinds of power of attorney documentation, and when each might be needed. There are a lot of reasons to implement a power of attorney, and there…
A power of attorney (POA) is legal documentation in which the individual signing the document, called the “principal,” authorizes another individual, called the “agent,” to act in their name. The power given to the agent is provided in the conditions of the document. A power of attorney is distinguishable from conservatorships, or guardianships, in which…
Having a medical power of attorney, you can designate an individual to make health care decisions for you if you become unfit to make those decisions on your own. Whereas much of estate planning puts a focus on finances, an extensive estate plan should also assist in you preparing for any possible medical and/or health…
Medical powers of attorney (or health care power of attorney) are legal documentation that enables you to give an individual legal authority to make important decisions concerning your medical care. These decisions might be about treatment alternatives, medication, surgery, supportive care, and more. The person you designate in your power of attorney to make these…
Giving a trusted family member, trustworthy friend, or professional association power of attorney means you enable that individual or association to conduct business on your behalf. You can give this right for a limited time, or you could devise durable legal documentation intended to last until you pass away. There are a lot of reasons…
Limited Power of Attorney is a permission that enables a portfolio manager to carry out particular duties on behalf of the account’s owner. Usually, a LPOA enables them to carry-out an agreed-upon investment plan and handle customary related business without getting in contact with the account owner. Prior to signing a LPOA, the client needs…
A power of attorney is legally enforceable documentation that grants one individual, the agent, the power to act on behalf of another individual, the principal, in particular matters ranging from healthcare to the managing of personal property and financials. A principal typically uses this document to enable the agent to act when the principal is…
A power of attorney (POA) is legal documentation that enables you to designate someone to act for you, typically under financial and/or medical circumstances. When you devise it, you’re the “principal”, and the individual you designate is your “agent”. An agent is unable to transfer their authority to another individual unless the POA specifically allows…
