Power of Attorney in Hays County
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A Power of Attorney is an important legal document that allows one to appoint an agent to care for certain needs in the event of incapacitation. Depending on your needs, there are different types of powers of attorney that may be more suitable for your circumstances. At The Law Office of Milena Christopher in Hays County , your Estate Planning Team can assist you in this process and answer your Power of Attorney questions.
If you are in Hays, Travis or Blanco county and would like to learn more about your options, give us a call (512) 858-8253 to set up a consultation with a member of our Estate Planning Team.
What Are the Four Types of Power of Attorney?
There are four main types of Power of Attorney, which include general power of attorney, statutory durable power of attorney, limited power of attorney, and springing power of attorney, each of which has its own unique function and purpose.
Additionally, there are many decisions the agent you appoint can make, including financial decisions and healthcare decisions, depending on the power you designated to the person you appoint.
Here are the four types of Financial Powers of Attorney:
- General Power of Attorney: When you create this type of Power of Attorney, it is a more comprehensive arrangement that gives your attorney-in-fact many of the rights and powers you have. Your attorney-in-fact would be able to perform many acts on your behalf, including pay your bills, sign documents, and carry out other financial transactions.
- Statutory Durable Power of Attorney: A durable Power of Attorney is more limited in scope than a general Power of Attorney. If you become incapacitated, the court may appoint a Guardian or Conservator and the Statutory Durable Power of Attorney will stay in effect until your death or until you are no longer incapacitated and choose to rescind it.
- Limited Power of Attorney: This type of Power of Attorney gives an individual of your choosing the ability to act on your behalf for a limited purpose and will usually end at a specified time.
- Springing Power of Attorney: a Durable Power of Attorney may be drafted as a Springing Power of Attorney, which will allow the attorney-in-fact to act on your behalf if ONLY if you become incapacitated. If you choose this type of Durable Power of Attorney, the definition of incapacity and the decision as to when to activate the Power of Attorney is essential.
Schedule a Consultation to Learn More About Setting Up a Power of Attorney Today!
If you need to set up a Power of Attorney, you should consult with an experienced attorney to guide you through the process. At The Law Office of Milena Christopher in Hays County, our Estate Planning Team can provide the legal advice you need to choose the best course of action.
Reach out to our law office today at (512) 858-8253 to learn more about what we can do for you.
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