Should you have a financial power of attorney? Simply, yes, not only for yourself but for your family as well.
What is a Financial Power of Attorney?
A Financial Power of Attorney (FPOA) allows you to appoint someone to handle your bills, investments, taxes, bank accounts, and real estate transactions, among others, while you are incapacitated and unable to handle your financial concerns. Establishing an FPOA can prevent unnecessary expenses, fees, confusion, and other substantial legal processes, such as conservatorship.
Georgia passed the Uniform Power of Attorney Act in 2017 and 2018, entitled the “Georgia Power of Attorney Act” (GPAA), which provides substantial benefits to individuals. If you do not have a financial power of attorney or have a financial power of attorney prior to 2018, contact Dynamic Estate Planning to execute a document compliant with current law. It is an important part of the estate planning process.
Why You Need a Financial Power of Attorney
No one wants to think about their own incapacity or the incapacity of a loved one, but if you are unprepared for such an event, such physical or mental incapacitation can cause your finances and family to spiral out of control.
A Financial Power of Attorney may help:
- Prevent Family Fights & Disputes
- Keep Your Bills & Taxes Paid Up to Date
- Eliminate the Need for Guardianship or Conservatorship Proceedings
- Keep Your Business Running
Establish Your Financial Power of Attorney with an Experienced Lawyer
It is critical that your Financial Power of Attorney is handled by an experienced lawyer who is well-versed in the FPOA laws of your state. Proper and comprehensive planning is pivotal. The caring team at Dynamic Estate Planning help individuals in Metro Atlanta and throughout the state of Georgia set up their Financial Power of Attorney. Our estate planning attorneys focus on ensuring that our client’s future is well-planned and secure. Contact us directly to learn more about how we can help.
