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Difference between revisions of "Preparing a Power of Attorney"
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Preparing a Power of Attorney (view source)
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Drew Jackson (talk | contribs) (Created page with "{{REVIEWEDPLS | reviewer = Kevin Smith |date= March 2017}} {{Power of Attorney TOC}}A power of attorney is a legal document in which you authorize another person to take c...") |
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A power of attorney is different from [[Writing Your Will|a will]], which provides for the distribution of the things you own after your death. A power of attorney is a way to plan for the handling of your affairs during your lifetime. | A power of attorney is different from [[Writing Your Will|a will]], which provides for the distribution of the things you own after your death. A power of attorney is a way to plan for the handling of your affairs during your lifetime. | ||
== It can help if you physically can't take care of matters == | === It can help if you physically can't take care of matters === | ||
There are several reasons you might make a power of attorney. A power of attorney can be a good option if you are physically unable to look after your affairs due to travel or injury. | There are several reasons you might make a power of attorney. A power of attorney can be a good option if you are physically unable to look after your affairs due to travel or injury. | ||
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A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a "specific power of attorney". Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a "specific power of attorney". Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | ||
==It can help if you become mentally incapable== | ===It can help if you become mentally incapable=== | ||
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