It is wise for anyone considering granting power of attorney to meet with a Manalapan Township Power of attorney lawyer to explore all available options and determine what best suits your goals. A trusts and estates lawyer could ensure that you fully comprehend the powers given through a power of attorney grant so you are able to achieve your objectives without errors or problems.
Variations in Powers of Attorney
There are many types of powers of attorney. Some take effect as soon as they are signed, while others do not become effective until a defined future act occurs. A type of grant called a springing power of attorney is designed to take effect when the grantor becomes incapacitated. However, this may require a court to determine the grantor’s incapacity before the power can be used.
A power of attorney may also be durable meaning that the power continues if the grantor becomes incapacitated. Powers of attorney that are not durable often fail to fulfill their intended purposes. A Manalapan Township power of attorney lawyer could ensure that a power lasts as long as necessary to pursue the grantor’s wishes.
Powers granted can vary. Someone could grant an agent power to sign a document on their behalf on a specific date while they are on vacation or a grantor could enable someone to control bank accounts, credit cards, and financial matters indefinitely.
What a Power of Attorney Does
A power of attorney is the authority to take actions and make decisions for another person just as if they acted for themselves. When someone creates a power of attorney document, they give another person control over some aspect of their life and they are bound by the decisions that other person makes, even if they do not agree with it. Accordingly, one should avoid giving away power unintentionally.
A Manalapan Township power of attorney lawyer could help ensure that a power of attorney documents conveys an appropriate amount of power to accomplish the grantor’s goals. A knowledgeable attorney could ensure that the degree, duration, and scope of powers granted are no broader than intended.
Healthcare Power of Attorney
Although powers of attorney are often created to enable a trusted family member to pay bills on the grantor’s behalf, a power of attorney could also be a useful tool in healthcare planning. Power of attorney could be granted to allow someone to make healthcare decisions such as agreeing to a surgery or not.
A healthcare power of attorney is not the same thing as a living will. While a living will specifies someone’s desires in advance, a healthcare power of attorney grants another person power to decide whether to take particular actions.
Consult a Manalapan Township Power of Attorney Lawyer
Power of attorney can be abused, and therefore, it is essential to consider all potential ramifications of the grant before creating any type of power of attorney. Whether you are seeking to grant a power of attorney or to stop abuse, an experienced Manalapan Township power of attorney lawyer may be able to help. For a free consultation to learn about the advantages of working with a power of attorney lawyer in Manalapan Township, call now.