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.
- 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 free consultation. We offer special discounts for AARP members!
As Your Advocates, we ensure that we are actively involved in communicating with you from start to finish. This communication allows us to come up with a customized solution that best fits your goals.
Dedicated & Caring Service
At Your Advocates, you will never be treated as just a number. Whether your case is monetarily small or large - you will receive the customized and personalized attention that you deserve.
Our attorneys understand the emotional turmoil that a family law matter can have on someone. For this reason, we make ourselves available when you need us most.
Over 70 Years of Combined Legal Experience
For more than 70 years, we have been providing our clients with trustworthy and knowledgeable legal counsel for a wide variety of legal matters.