Safeguarding Your Future With A Power Of Attorney

Last updated on June 18, 2024

Suppose you are unable to manage your own affairs. In that case, it’s crucial to designate a trusted person to act on your behalf through legal avenues.

Elder Law & Estate Planning Solutions, a North Carolina-based law firm, prioritizes integrity, transparency and excellence in serving clients. Our passionate legal team, led by a board-certified elder law specialist, offers comprehensive estate planning services to cater to your legal needs.

What Is A Power Of Attorney?

A Power of Attorney (POA) is a vital legal document that empowers someone you trust to make decisions on your behalf.

Types Of Power Of Attorney

There are three main types of POAs:

• General POA: Grants broad authority for financial and legal matters but becomes invalid if you’re incapacitated.
• Durable POA: Similar to a general POA but remains effective even if you become incapacitated, providing continuous protection.
• Health care POA: Allows your chosen agent to make medical decisions if you’re unable to do so, helping ensure your health care preferences are honored.

Any legal document’s interpretation requires legal knowledge.

Decision-Making Authority

POAs can be tailored to your specific needs, allowing your agent to make:

• Financial decisions: Managing bank accounts, paying bills and handling investments
• Legal decisions: Representing you in legal matters
• Medical decisions: Making health care choices (with a Health care POA)

With a personalized POA, you can ensure that all your needs are managed according to your wishes.

When Does A POA Take Effect?

A POA becomes effective immediately upon signing. However, our lawyers can create a “springing” POA that activates under specific conditions, such as incapacitation. This can provide an extra layer of control.

Revoking Or Changing A POA

As long as you’re mentally competent, you can revoke or modify your POA.

POA Vs. Guardian/Conservator

Unlike a POA, which you voluntarily grant, a guardian or conservator is court-appointed when an individual is deemed incapable of managing their affairs.

Contact Us

Schedule a consultation with Elder Law & Estate Planning Solutions today by calling 704-859-8998 or emailing us. Our client-focused legal approach from our Concord offices can provide invaluable protection for you and your family’s legacy.