Powers of Attorney
When do you need a Power of Attorney? Are you going to have surgery? Are you planning on taking an extended vacation when you will be out of touch? Do you know someone elderly who is having difficulty managing their financial affairs?
Powers of attorney are used to allow others to handle financial affairs of those who are unable or unavailable to handle their own affairs. The powers can be effective immediately or upon the occurrence of an event; the powers can continue after the onset of a disability or be terminated at that point. Powers can be general or limited to a specific concern or transaction. A common situation that I encounter is when an elderly parent no longer wishes to handle their checking account; giving a trusted child a power of attorney solves this problem.
If you have concerns for yourself or a loved one that might be addressed by having a power of attorney, please give me a call or contact me online.