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What Is a Power of Attorney?
- November 27th, 2017
A power of attorney allows a person you appoint -- your "attorney-in-fact" or agent -- to act in your place for financial or other purposes when and if you ever become incapacitated or if you can't act on your own behalf. The power of attorney document specifies what powers the agent has, which may include the power to open bank accounts, withdraw funds from bank accounts, trade stocks, pay bills, and cash checks, among other things. If you become incapacitated without a power of attorney in place, the court will have to appoint a guardian or conservator, which takes time and money.
There are four main types of powers of attorney: limited, general, durable, and springing. For information on the types of powers of attorney, click here.
Local Elder Law Attorneys in Ashburn, VA
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...
For more information about powers of attorney, click here.
For information on choosing an agent under a power of attorney, click here.
For information about the duties of an agent under a power of attorney, click here.
Last Modified: 11/27/2017