Powers of Attorney – Bates Law Office – 501 Jackson Avenue – Charleston IL – Call 217-512-1847 for a Consultation
Power of attorney is an important aspect of lifetime planning. A power of attorney, at its most basic, enables a person to appoint another person as their representative to manage their properties and other matters in the event they are unable to do so themselves. At one time or another, practically everyone needs a power of attorney in order to represent them. However, it can be difficult to know what power of attorney involves, how to name one and which type of power of attorney is appropriate to what you need. That is why it’s a smart idea to talk about any type of power of attorney agreement with an attorney who specializes in that practice area.
Power of attorney documentation does not need to be executed by or within the presence of your attorney. However, consulting with an attorney helps to ensure that the process is completed properly and fulfill all of the state’s legal requirements. In addition, an attorney will ensure you’re protected in the event your power of attorney must represent you.
When it comes to selecting someone for power of attorney, it’s naturally important to pick someone you trust to watch out for your interests. That means selecting someone who respects your wishes and won’t abuse the authority they have as your representative. Also, it is wise to name an additional representative as a backup in the event the person to whom you grant power of attorney is unable to serve.
There are different kinds of power of attorneys. Two of the most common are:
-Durable power of attorney. This takes effect immediately. Durable power of attorney is not affected by the incapacitation of the principal.
-Springing power of attorney. This type becomes effective in the event the principal should suffer incapacitation. (Determined by the written verification of two physicians.)
