What is Power of Attorney? A Power of Attorney (POA) is a legal document that allows you to direct who will take care of your financial affairs including estate and business succession plans, if you are unable to manage them yourself for a period of time.

How can an Estate Planning Attorney help?

An Estate Planning Attorney will help you identify the type of power of attorney that fits your unique needs. Having a lawyer assist with the power of attorney documents will give you peace of mind and simplify the process. The Collaborative Process offers the opportunity to discuss your wishes in greater detail with your trusted agents, before those agents must act.

Types of Power of Attorney

  1. General Power of Attorney grants an authorized individual to handle your affairs, including buying or selling real estate.
  2. Durable Power of Attorney is necessary if you wish an agent to handle your affairs if you become mentally incapacitated.
  3. Medical Power of Attorney allows your trusted agent to make medical treatment decisions if you are not capable of communicating them yourself. This is different than a living will, which is an advanced care directive that shares your wishes about your medical treatment with medical staff.
  4. Limited Power of Attorney allows you to specify the tasks that an agent can handle on your behalf. It is important to be as detailed as possible with what you include in a special power of attorney and it is smart to consult with an estate lawyer.

Manage your financial affairs under the guidance and expertise of a Collaborative attorney. The members of Collaborative Law Professionals of Southeastern Pennsylvania serveBucks, Montgomery, Delaware, and Chester Counties, Philadelphia, and the surrounding areas.

Create a plan, ease your mind, and find an Estate and Business Succession professional today!