Powers of Attorney
Legal Fees:
Our fee for preparing a basic Power of Attorney
for an individual would be
$200.00 plus taxes
for both spouses would
be $250.00 plus taxes
Some basics:
- A Power of Attorney is a
legal document which (the Donor) grants
to another person (the Attorney) powers to act on their (the donor's)
behalf.
- Powers of Attorney may be
general, covering all manners of rights
and property, or specific, referring only to a specific action such as
the sale of a particular piece of property.
- Powers of Attorney may be
either immediate or
springing. A Springing Power of Attorney only takes
effect
upon the occurance of a particular specified event. A
standard
Power of Attorney has immediate effect, although the Attorney may have
instructions to not act unless it is necessary.
- Powers of Attorney may be
specified to be "Enduring". This
means that the Power of
Attorney may be
exercised and the authority of the Attorney given hereunder shall
continue
notwithstanding any subsequent mental infirmity on your part.
- A General, Enduring Power of
Attorney is the type of Power of
Attorney typically desired by an individual planning for the
possibility of their future loss of capacity or ability to act on their
own.
- Powers of Attorney are very
different from Wills. Wills
only have force and effect after a person's death. A Power of
Attorney only has legal effect during a person's lifetime.
- While a person may grant
Power of Attorney to the same person as
their executor, the authority granted under a Last Will and Testament
should not be confused with a Power of Attorney. These are
separate and distinct documents.
- A Power of Attorney is not a
"Living Will". A Living
Will deals with health care issues and provides for instructions in
that regard, and / or the appointment of a Proxy to make such future
directions regarding your health care.
Getting Started:
- Provide us with your full
legal name, address and occupation.
- Provide us with the full
legal name and address of the person
you are appointing as Attorney.
- Always confirm with that
person
that they would be willing to act as your Attorney.
- You may name
more than one Attorney, acting either jointly (together), severally
(apart), or in succession.
- The person you have
appointed as Attorney does not sign the Power
of
Attorney. In fact, we do not want them present at the signing
appointment as this may create suspicion of undue influence over you.
Here is an excellent publication on the subject of Wills and Estates, Powers of Attorney and Health Care directives: A Legal Information Guide for Seniors
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