Power of Attorney/Will
There may come a time in your life when you need someone else to be able to legally act on your behalf. You may become incapacitated and need someone to make medical decisions on your behalf, or you may be out of the country and need someone to handle your affairs while you are away and unable to do so yourself.
What Is A Power Of Attorney?
Under Texas law, there are specific types of powers of attorney which may be granted. A power of attorney can last indefinitely or be limited in scope. Your POA lawyer will discuss your situation with you, to help you come to a decision as to what is the best option for you.
Types of Powers of Attorney:
- General Power of Attorney: Allows the holder the power to make decisions for another. Depending upon the way it is written, the POA can grant powers for medical, financial, or business decisions.
- Durable Power of Attorney: Similar to a general power of attorney, except that it goes into effect only when the loved one becomes incapacitated, and can no longer make decisions for himself.
- Special Power of Attorney: As the name suggests, a special POA allows decision making only in one designated area, such as the person’s banking affairs.
How Do I Obtain A Power Of Attorney?
Depending on your circumstances, the process for obtaining a Power of Attorney can differ. It is important to discuss the specifics on your needs with an experienced POA lawyer. Your attorney will be able to guide you through the process, ensuring that everything is done properly.
Are you thinking about drafting a will, or making changes your current one? Having a will is a very important aspect of estate planning.
Drafting a will is essential to ensure that your assets are properly managed and distributed after your death. The creation of a legally sound will can help minimize tax burdens, probate proceedings and property disputes between beneficiaries.
Contact A Power Of Attorney & Will Lawyer Today!
When you are ready to map out the future of your estate or need legal help to resolve problems with your current will or power of attorney, give our Texas Power Of Attorney/Will lawyers a call. Learn how an experienced estate planning attorney can benefit you.