De Krupe Law
Power of Attorney Lawyer
As we navigate through life, there may come a time when we need someone to make important decisions for us. Whether it’s due to illness, incapacity, or a busy lifestyle, having a trusted individual to act on our behalf can bring peace of mind. This is where an experienced De Krupe Law power of attorney lawyer can help.
What is a Power of Attorney?
A power of attorney (POA) is the legal document that allows the grantor (a person passing the decision-making responsibilities to the attorney or other individual they trust), to give someone else, known as the substitute decision-maker (new owner of the decision-making responsibility), the authority to act on their behalf.
This authority can be broad or limited, depending on the wishes of the grantor. Consequently, a power of attorney lawyer is a legal assistant who specializes in creating and executing power of attorney agreements.
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Types of Power of Attorney
When it comes to power of attorney agreements, there are several types to consider. Here are three currently known and practiced types of POA:
Continuing Power of Attorney for Property
CPOA is a legal document that gives someone else the authority to make financial decisions on your behalf as well as decisions regarding your property. You may have it before closing takes place and the decision-maker will still have the authority to make decisions if the grantor becomes mentally incapable. That is why it is called continued.
Non-Continuing Power of Attorney for Property
A Non-Continuing Power of Attorney for Property is similar to a CPOA, but it is only valid for a specific period of time or for a specific transaction. For example, you may use this type of power of attorney agreement if you are going on vacation and need someone to manage your finances while you are away.
Power of Attorney for Personal Care (POAPC)
This type of POA gives someone else the authority to make personal care decisions on your behalf. It is often used in situations where the grantor is unable to make decisions due to an illness or disability.
Pros:
- A stress-free solution to ease your future life if something goes wrong;
- Frees your relatives from worries and paperwork;
- Allows your decision-maker to make medical decisions on your behalf if you are unable to do so;
- Can help prevent disputes among family members about medical decisions.
Pros:
- Can provide peace of mind knowing that your finances are being managed by someone you trust;
- Allows your decision-maker to manage your finances if you become incapacitated;
- Can help prevent financial abuse by providing legal oversight.
- Can help sell, refinance or purchase a house on your behalf.
Pros:
- Provides a temporary solution for managing your finances when you are unable to do so;
- Can be used for specific transactions, such as buying or selling property.
- Can help prevent financial abuse by providing legal oversight.
- Can help sell, refinance or purchase a house on your behalf.
The Difference Between a POA and a Will
A power of attorney is a legal document that grants someone else the authority to act on your behalf in financial or personal matters. The agent appointed in the POA can make decisions on your behalf while you are still ALIVE. The POA ceases to be effective upon your death.
On the other hand, a will is a legal document that outlines how you want your assets to be distributed after you die. It also allows you to name an executor to manage your estate and carry out your wishes. A will only becomes effective after you die.
A power of attorney (POA) and a Will are two different legal documents that serve different purposes.
In summary, a power of attorney is used to give someone else the authority to act on your behalf while you are still alive, while a Will is used to distribute your assets after you die.
Benefits of Having a De Krupe Law Power of Attorney Lawyer
At De Krupe Law, we understand the importance of having a power of attorney lawyer on your side. Here are just a few of the benefits that our team of experts can provide:
- Years of experience in creating power of attorney agreements that meet all legal requirements;
- Get a POA tailored to your unique situation and needs;
- Guidance on the types of decisions that can be made under the power of attorney agreement;
- Prevention of disputes or legal challenges related to the POA agreement;
- Legal oversight to ensure that the decision-maker is acting in the best interests of the grantor.
With the reliable power of attorney lawyer from the knowledgeable De Krupe Law team, you can be sure that everything will go as planned and as stated in your POA agreement. We are here to provide you with peace of mind and to free you from unnecessary paperwork in the future.
How We Can Help
At De Krupe Law, we have several conveniently located offices to serve you better. We offer legal phone consultations and online meetings to accommodate your schedule. Our team of experts can guide you through the power of attorney process, answer your questions, and help you make informed decisions. Contact us today to schedule a free consultation and learn more about how we can help protect your interests.