Power Of Attorney And Who Benefits From It
Many people find the prospect of organizing and giving someone power of attorney over themselves to be an overwhelming task but when you have a trustworthy and experienced Des Moines, IA power of attorney lawyer on your side, they can guide and simplify the process for you. Many people who have known they needed to do this but have put it off for years, find it a great relief to finally have it done and feel like a weight has been lifted off of their shoulders. The dedicated and skilled team at the Law Group of Iowa has over 16 years of experience helping people with estate and will planning, and probate. Our compassionate and caring partners Christopher Johnson, Christopher Martineau, and Jason Yates are honored to be able to help people with important decisions and to help them establish their power of attorney. Contact us today for a free consultation.
Power Of Attorney (POA)
A power of attorney is a legal document that gives another person of your choosing the authority to act on your behalf when it comes to making decisions about your finances, healthcare, and legal matters. Some people elect to do this for convenience. For example, if you have a trustworthy and responsible adult child or relative who can handle your finances and manage your assets so that you don’t have to worry about everything that goes into this, you might choose to give them power of attorney so that you can focus your energy and time on enjoying the things you like to do. Many people choose to give someone power of attorney for estate planning purposes. A power of attorney can also be put in place in the event that you are not able to make decisions about the things it covers. A good Des Moines power of attorney lawyer can explain a POA in more detail and how it may pertain to your specific needs.
Types Of Power Of Attorneys
When you appoint someone to act on your behalf in your POA, they are typically referred to as, the agent or attorney-in-fact, and you are referred to as, the principal. There are four different types of POAs, general, limited, durable, and healthcare powers of attorney. The general POA is just that, the most general POA and it can grant broad powers to the agent to handle an array of different matters. A limited POA gives the agent the authority to manage particular assets or to make specific financial decisions and transactions. A healthcare POA grants the agent the power to make healthcare decisions for the principal. A durable POA remains in effect if the principal does not have the capacity to make decisions for themselves.
If you have questions about how a POA might benefit you and your family, an experienced Des Moines power of attorney lawyer can answer them. The dedicated team at the Law Group of Iowa is here to help. Contact us today to set up a free consultation.
