A Power of Attorney (POA) is an important legal document that enables a person (the agent) to act on another’s behalf (the principal) in financial, legal, or healthcare issues. Selecting the appropriate type of POA is important to guarantee your affairs are managed according to your desires. Angelique Friend Probate, a reliable probate company, can guide you through the intricacies of POA and make sure your legal documents are in place.

  1. General Power of Attorney

A General POA confers general powers upon the agent, which enable them to deal with financial and legal affairs like operating bank accounts, issuing checks, and conducting business transactions. The authority ceases, however, if the principal is incapacitated or dies.

  1. Durable Power of Attorney

A Durable POA continues to be valid even if the principal is mentally or physically incapacitated. This kind of POA is usually suggested for long-term planning so that financial or healthcare decisions can be made even in unexpected situations.

  1. Special (Limited) Power of Attorney

A Special POA confers to the agent limited powers for a definite task or duration. An example is that you are overseas and require a person to take care of property deals on your behalf, in which case you can utilize a Special POA.

  1. Springing Power of Attorney

A Springing POA becomes active only when pre-specified circumstances, like the incapacitation of the principal, are met. It ensures the agent has no authority over money or legal issues until the trigger event is reached.

  1. Medical Power of Attorney

A Medical POA (also referred to as a Healthcare POA) enables an agent to make medical decisions for the principal in case they are unable to express their desires. It is a must-have document for individuals who desire control over their healthcare choices.

  1. Financial Power of Attorney

A Financial POA is a type of POA that authorizes the agent to have control over finances, such as paying bills, investment management, and property transactions. It may be drafted as general, durable, or limited, based on the wishes of the principal.

  1. Military Power of Attorney

A Military POA is a type meant for military personnel on deployment who need someone to deal with their financial and personal issues during their time away.

 Why Use Angelique Friend Probate for Your Power of Attorney Requirements?

Working with POA documents can be tricky, but Angelique Friend Probate has expert knowledge in probate and estate planning, and your legal documents will be precise and all-encompassing. You might require help preparing a POA or learning about its meaning; they are here for you.

 Frequently Asked Questions (FAQs)

Q1: How is a General POA different from a Durable POA?

A General POA terminates upon the incapacitation of the principal, while a Durable POA continues even after incapacitation.

Q2: Do I have more than one Power of Attorney?

Yes, you can have several POAs for various uses, e.g., a Financial POA and a Medical POA.

Q3: How do I cancel a Power of Attorney?

A POA may be cancelled by executing a revocation document and informing all parties involved.

Q4: Do I have to use an attorney to prepare a POA?

While not necessarily a legal requirement, using a skilled probate service such as Angelique Friend Probate guarantees your POA is valid and correctly executed.

Q5: Can a POA amend my will?

No, an agent under a POA cannot alter a principal’s will.

If you need assistance setting up a Power of Attorney, contact Angelique Friend Probate today to ensure your affairs are in order and your wishes are respected.