Understand the different types of power of attorney
A power of attorney declaration is a document that gives someone you choose the power to make decisions on your behalf. It’s often used for decisions such as taking or transferring ownership of a house or car, making limited medical decisions, or for taking care of pets, safe deposit boxes, mail boxes, etc. There are two types of powers of attorney: a regular power of attorney and a durable power of attorney.
A regular power of attorney is primarily a way to allow someone else to sign legal documents for you. If you become unable to make decisions for yourself or die, though, you’ll need what’s called a durable power of attorney instead.
A durable power of attorney remains in effect even if you become mentally incapacitated and grants the power to make financial and medical decisions, including about limited medical procedures. But it should NOT grant the power to make decisions about life-sustaining procedures. That is strictly reserved for living wills. A durable power of attorney designation ends when the person who grants the power dies (with limited exceptions).
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Understanding your options when setting up your estate
Ensure that your assets will be passed on to the next generation to your satisfaction.
Revocable Living Trusts
Learn about the financial advantages that revocable living trusts can sometimes have over standard wills.
Power of Attorney
Choose who has the power to make decisions on your behalf should this need become necessary.
Create an advance healthcare directive to ensure your wishes are honored if you become incapacitated.
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Our lawyers understand the importance of having a power of attorney designation as a part of your estate plan. Contact us to discuss your options. We serve Montgomery County, Chester County, Berks County, Philadelphia County, Lancaster County, and all surrounding counties in PA.
We are pleased to meet with you in either of our Pennsylvania offices to discuss your estate planning challenges.
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