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Difference between revisions of "Common Questions on Powers of Attorney"
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Common Questions on Powers of Attorney (view source)
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==What is a power of attorney?== | ==What is a power of attorney?== | ||
[[File:Powerofattorneysigning.png|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | [[File:Powerofattorneysigning.png|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | ||
A '''power of attorney''' is a legal document. When you | A '''power of attorney''' is a legal document. When you make a power of attorney, you give someone the legal power to take care of financial and legal matters for you. This might include paying bills, depositing or withdrawing money from your bank account, investing your money, or selling your home. | ||
The person you give this power to is called the '''attorney'''. In this case, attorney does not mean lawyer. | The person you give this power to is called the '''attorney'''. In this case, attorney does not mean lawyer. | ||
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=== Why have a power of attorney? === | === Why have a power of attorney? === | ||
There are | A power of attorney is a simple and inexpensive way to plan ahead and choose who will help you with your financial and legal affairs. | ||
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. | |||
{{PLSStorybox | {{PLSStorybox | ||
| image = [[File:Headshot_-_Power_of_Attorney_-_Helga_-_2017-03-16.jpg |link=]] | | image = [[File:Headshot_-_Power_of_Attorney_-_Helga_-_2017-03-16.jpg |link=]] | ||
| text = "I want to spend the summer visiting my grandchildren in France. I'll be gone for several months, | | text = "I want to spend the summer visiting my grandchildren in France. I'll be gone for several months, and I'd like to enable my niece to pay my bills while I'm away. I learned I can do that by making a limited power of attorney. In it, I authorized my niece to access my bank account only to deposit my pension cheques and pay my bills, and only until I come home from my trip." <br> | ||
- Helga, | - Helga, Victoria | ||
}} | }} | ||
