Power of Attorney - certified Fiduciary in Private Practice
A power of attorney is a document that allows you to appoint a person or organization to handle your affairs while you're unavailable or unable to do so. The person or organization you appoint is referred to as an "Attorney-in-Fact" or "Agent."
General Power of Attorney - authorizes your Agent to act on your behalf in a variety of different situations.
Special Power of Attorney - authorizes your Agent to act on your behalf in specific situations only.
Health Care Power of Attorney - allows you to appoint someone to make health care decisions for you if you're incapacitated.
"Durable" Power of Attorney -The general, special and health care powers of attorney can all be made "durable" by adding certain text to the document. This means that the document will remain in effect or take effect if you become mentally incompetent.
Revocation of Power of Attorney - allows you to revoke a power of attorney document.
General Power of Attorney
A general power of attorney is very broad and provides extensive powers to the person or organization you appoint as your agent. These powers usually include:
•Handling banking transactions
•Entering safety deposit boxes
•Handling transactions involving U.S. securities
•Buying and selling property
•Purchasing life insurance
•Settling claims
•Entering into contracts
•Exercising stock rights
•Buying, managing or selling real estate
•Filing tax returns
•Handling matters related to government benefits
You also have the option to grant the following additional powers to your Agent:
•Maintaining and operating business interests
•Employing professional assistance
•Making gifts
•Making transfers to revocable ("living") trusts
•Disclaiming interests (this has to do with estate planning strategies to avoid estate taxes)
A general power of attorney is usually used to allow your agent to handle all of your affairs during a period of time when you are unable to do so. For example, when you are traveling out of the state or country or when you are physically or mentally unable to handle your affairs. A general power of attorney is frequently included as part of an estate plan to make sure that you have covered the possibility that you might need someone to handle your financial affairs if you are unable to do so.
If you are looking for somone to serve as your Power of Attorney,
please call me to find out how I could be of service to you.
Call: 602-334-4084
Arizona licensed fiduciary, Power of Attorney serving Scottsdale, Glendale, Peoria, Surprise, Sun City, Sun City West, Phoenix, Mesa, Chandler, Gilbert, Tempe, Cave Creek, Care Free, Ahwatukee, Fountain Hills.