Utilizing Powers of Attorney
Fort Myers Estate Planning Attorneys
A power of attorney gives one person ("agent" or "attorney-in-fact")
the power to act on behalf of another person (the "principal").
A power of attorney may be considered durable or non-durable. Only a durable
power of attorney will be effective even after the principal becomes incapacitated
and is unable to manage their affairs, while a non-durable power of attorney
will not survive incapacity.
Contact our Fort Myers estate planning lawyer at Your Advocates for the assistance you need!
Why is a durable power of attorney crucial for everyone?
A life changing event can occur at any time. Once such an event occurs
and a person suffers a substantial and traumatic health event, it is too
late to plan ahead. At that point, an individual who is unable to manage
their own daily affairs will be unable to give that ability to another
person. Bills may go unpaid, real estate might go un-managed, investments
could suffer, and other daily obligations could be left unchecked.
Power of attorney could ensure the care of your important affairs, including:
- Monthly bills
- Medical decisions
- Financial investments
- Guardianship responsibilities
The only way to prevent this occurrence at minimal cost is with a properly
drafted power of attorney. A person may make a durable power of attorney
that gives any number of powers or abilities to another individual. Most
individuals give their powers of attorney broad powers to act on their
behalf in all areas of their personal affairs.
Types of Power of Attorney Available
A principal might not always want to give their attorney-in-fact wide ranging
powers over all their affairs. In this instance, a power of attorney may
still aid individuals who only want to assign certain powers to their
agent. Limited powers of attorney are useful to give just certain limited
powers to individuals, which include the ability to execute a contract,
sell or purchase real property, or participate in a business transaction.
Do you need an attorney from Your Advocates?
Whether you desire a Durable Power of Attorney or a Limited Power of Attorney,
an estate planning attorney is needed to make sure your goals are met.
Give yourself piece of mind.
Contact our office today for a
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