There are many situations in life that can lead a person in Lee County to consider giving someone else power of attorney. Many times power of attorney is part of life planning or estate planning. However, it can be used in many other situations as well. There are several situations in your life that could lead to you giving power of attorney to another person, but exactly which kind to give is the key.
According to AmericanBar.org, when you give someone, known as the agent, power of attorney you are giving that person the legal right to make decisions on your behalf should you become unable. However, the level your agent has depends on several factors and it can cover many different things, or even just one activity.
It’s also important to note that power of attorney might be used on a temporary or long-term basis. So how much authority and for which situations should you give power of attorney? One reason to give this power is for convenience. If you want to carry out a transaction such as buying or selling a vehicle, but you would rather not be present then you can assign someone power of attorney to make the transaction for you.
Another reason to give someone power of attorney, which is one of the most common, is to appoint someone to be able to make important decisions about your health and your assets should you die or become physically unable to make those decisions yourself.
There are many variables when it comes to power of attorney and it’s important to weigh all of the factors in your particular case when considering assigning someone power of attorney.
Although you might find this information to be very helpful it should not be considered as legal advice.