Power of Attorney
A Power of Attorney, or POA, is a legal document that allows a person, the principle, to nominate someone to make financial and other decisions on their behalf. This appointment can be effective immediately or when a person is unable to make those decisions on their own. For example, if they become mentally incompetent, or leave the country for a length of time, they might be unable to make important decisions.
A Power of Attorney that continues to be in effect even if you become mentally incapacitated is known as a Durable Power of Attorney. Having a Durable Power of Attorney stops the court from stepping in and taking control of your finances. Without a Durable Power of Attorney, the court would appoint someone to make decisions for you.
Certified Document Solutions makes protecting yourself and your finances easy. By answering a few quick questions, we will generate a power of attorney specially tailored to your needs and wishes, one that will be valid in all 50 states. In just a short time, you will have the security of knowing that someone you trust – not the court – is able to make decisions for you when you are not.
Authorities for Durable Powers of Attorney
An agent, known as the “Attorney-in-Fact”, has as many or as few powers as a principle chooses. A power of attorney may authorize the agent to do any or all of the following:
- Pay for care or support
- Borrow funds
- Conduct bank transactions
- Make property changes
- Deal with legal claims
- Obtain access to safety deposit boxes
- Handle insurance and retirement benefits
- Prepare and file tax returns
- Exercise stock holder rights
- Contract for services
- Make donations or gifts
- Acquire social security benefits
- Or any other task a person requires.
This Power of Attorney allows you to specify which powers you wish to give to your agent, when it takes effect, and even allows you to provide customized special powers.