Posts Tagged ‘Power of Attorney’
Penalties for abusing your financial power of attorney
“With great power comes great responsibility.” This is true whether you are a superhero fighting crime, or if you were chosen by a family member to act as their power of attorney. Unfortunately, power of attorney abuse cases run rampant. There are many legal penalties you may face if you abuse the trust your loved…
Read MoreDuties & Limitations of a Power of Attorney
A power of attorney is a legal document that allows a person, the agent, to act on behalf of the person who signed the power of attorney, who is also known as the principal. These documents do not grant unlimited powers to the agent. Instead, the agent is given many responsibilities when the power of…
Read MoreFinancial Power of Attorney After Death
People often ask, can I obtain financial power of attorney after death? The answer: no. Power of attorney must be given when the principal (the person giving POA) is still alive and ends upon his/her passing. A common misconception is that POA lasts after the person passes, giving the agent the right to continue dealing…
Read MoreTypes of Powers of Attorney
The course of life brings with it many joys, and many challenges. Through accidents, illness, or simply age, you may lose the ability to make decisions on your own. By establishing a Power of Attorney (POA), you can ensure that your wishes are fulfilled, and needs taken care of by someone you trust. POA’s let…
Read MoreDurable Power of Attorney for Health Care Decisions
Establishing a Durable Power of Attorney for Health Care Decisions is a very important step to take. It is sometimes overlooked. Having a Durable POA for Health Care Decisions will ensure that medical decisions can be made that are consistent with your wishes. This type of Power of Attorney typically kicks in if you are…
Read MorePower of Attorney Q&A
What does “Power of Attorney” mean? Power of Attorney means that you legally give another person the power to make decisions on your behalf. This person can make medical or financial decisions for you if you are not able to make these decisions for yourself. Why should I have a Power of Attorney? In the…
Read MoreMental Health Power of Attorney: What You Need to Know
In Arizona, there are more than 6.5 million people and 294,000 of them are suffering from severe mental illness. If your family is struggling to help a family member who is suffering from a mental illness, you are not alone. It is very important to be prepared legally so that the ill person can quickly…
Read MoreEstate Planning Attorney Notes: Power of Attorney
Estate Planning Law and Power of Attorney No one plans on being in a car accident, or incapacitated, or being diagnosed with dementia, but not planning on it doesn’t stop it from happening. There were 4,069,748 people injured in car accidents in 2016. Every 66 seconds, someone in the United States develops Alzheimer’s. The reality is,…
Read MoreHow Can Estate Planning Help You When Your Loved One is Diagnosed with Alzheimer’s or Dementia?
Alzheimer’s and dementia are 2 of the most feared words in the English language. Both of these diseases have touched many, many Americans. Estate planning can help you gain some control over a situation that probably feels totally out of control. Let’s say you are named in your mom, Marilyn’s, Financial Durable General Power of…
Read More