Three Common Reasons for Drafting a Power of Attorney Document
A power of attorney (POA) is a more flexible document than most people realize. However, to ensure that directives are followed in the way that you want, it may help you to consult with an experienced attorney.
You may be wondering whether a POA is the right type of legal document for your needs. There are several reasons that an individual may require a power of attorney. These three common reasons for drafting a POA are not an exhaustive list, but they do reflect the needs of many clients.
Elderly individuals may choose to draft a POA to ensure that certain needs are met in case of incapacitation. A POA can have a term limit or remain in place until the principal revokes or changes the requirements of the document.
Physical or Mental Illness
Certain physical or mental illnesses may lead to an individual needing another party (the agent or attorney-in-fact) to act on their behalf. This type of document typically allows the designated individual to direct care or control of finances. The full scope of responsibilities will depend on the needs of the principal.
Military personnel who are due to go on deployment may wish to consider drafting a POA. As there is greater risk of becoming incapacitated in locations that are experiencing conflict, a POA puts the mechanisms in place for another individual to handle a soldier’s affairs.
If none of the above situations match your needs, you can contact Turner Law for a free initial phone consultation. Call our Decatur, GA, office at (404) 377-6941 or fill out the contact form today if you have questions about drafting a power of attorney document. We also provide services such as estate planning or help creating a last will and testament.
Posted on the behalf of Turner Law, LLC