{"id":240707,"date":"2022-03-23T14:58:06","date_gmt":"2022-03-23T14:58:06","guid":{"rendered":"https:\/\/dooleynoted.com\/?p=240707"},"modified":"2022-03-23T14:59:05","modified_gmt":"2022-03-23T14:59:05","slug":"wha-is-a-power-of-attorney","status":"publish","type":"post","link":"https:\/\/dooleynoted.com\/wha-is-a-power-of-attorney\/","title":{"rendered":"What is a Power of Attorney, and Why do I Need One?"},"content":{"rendered":"
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No one knows when their time will come, but it is better to prepare for the worst. Ultimately, one of the most important aspects of estate planning is having a Power of Attorney (POA) in place. This blog post will discuss what a POA is and why you need one. Contact an <\/span>estate planning lawyer in Texas<\/span><\/a> to get started on your plan!<\/span><\/p>\n A Power of Attorney (POA) is a legal document that allows another person to decide on your behalf. The person you appoint in your POA is called an “agent.” Moreover, they will be able to make decisions about your finances, healthcare, or your property.<\/span><\/p>\n There are several types of POAs. The type of POA you need will depend on your specific needs. For example, are you needing someone to make decisions about your finances? Or, do you need someone to make decisions about your healthcare? Therefore, choosing the best POA for you is crucial to ensure that it will fulfill your needs.<\/span><\/p>\n Contact an estate planning lawyer in Texas if you need help choosing the best one for you. They can help you understand your options and ensure that your POA meets your specific needs.<\/span><\/p>\n A durable POA means that your agent can act on your behalf if you can’t. This is helpful if you become sick or unable to make decisions for yourself. Most States will automatically make your POA durable unless you say otherwise. Therefore, it’s essential to be clear about your type of POA.<\/span><\/p>\n A non-durable POA is an agreement that your agent can act on your behalf as long as you can make decisions for yourself. For example, if you are going on a business trip and won’t be able to sign documents, you could give someone authority to sign them for you. However, if you become incapacitated, their duties end immediately. Meaning they are no longer able to make decisions for you.<\/span><\/p>\n A springing POA is a power of attorney that only goes into effect under specific conditions you set. For example, your springing POA would begin if you develop dementia and can’t care for yourself anymore. Moreover, it’s often used in estate planning so that your loved ones can take care of your finances and health care if you can’t do it yourself.<\/span><\/p>\nWhat is a Power of Attorney (POA)?<\/b><\/h2>\n
Types of POAs<\/b><\/h2>\n
Durable Power of Attorney<\/b><\/h4>\n
Non-durable Power of Attorney<\/b><\/h4>\n
Springing Power of Attorney<\/b><\/h4>\n