WHAT IS A POWER OF ATTORNEY?

LEGALLY BINDING DOCUMENT

A power of attorney is a legally binding document

Powers of attorney are used within the legal field

to accomplish a variety of objectives

EMPOWERING A REPRESENTATIVE

When you create a power of attorney

you empower a representative to act on your behalf

THE GRANTOR OR PRINCIPAL

The person creating the power of attorney is called the

grantor or principal

AGENT OR ATTORNEY-IN-FACT

The individual who is empowered to act on behalf of the grantor is called the

agent or attorney-in-fact

INCAPACITY PLANNING

INCAPACITY PLANNING involves selecting a

representative to act for you in the event of

your incapacitation

DURABLE POWERS OF ATTORNEY

Durable powers of attorney are used for incapacity

planning purposes

With a durable power of attorney you name an agent

who can act on your behalf in the event of

your incapacitation

Because of the “DURABLE” designation, it remains in effect even if you become incapacitated

FREE INCAPACITY PLANNING CONSULTATION

If you are interested in preparing for possible incapacity as a senior citizen

contact our firm to schedule a free consultation

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