Power of Attorney
Creating Powers of Attorney in Atlanta, GA | Dynamic Estate Planning
If you are concerned that you may not be able to manage your affairs in the future, you may want to consider creating a power of attorney today. At Dynamic Estate Planning, our experienced lawyers will help you decide what type of power of attorney is best for your particular situation. Contact us at 404-991-6511 for more details.
A power of attorney is a legal document, signed by an individual (“principal”) who wants to give another person or persons (“agent(s)”) authority to act on his/her behalf. The principal can appoint one or more agents under the same document, but each agent must sign the entire document to be valid.
Once appointed, an agent is authorized to perform any act, or acts, which the principal can legally do himself/herself. For example, the agent may sign contracts on behalf of the principal and deposit checks made out to either party in a joint account. The agent’s authority does not terminate when the principal dies but continues until it is terminated. An agent has a fiduciary duty to the principal and must act in good faith with respect to performing his/her responsibilities under the power of attorney.
Understanding Powers of Attorney
There are many types of powers of attorney. Some agents have the authority to perform only certain acts, and this is called a “limited” power of attorney. Others have full authority to handle all of the principal’s matters. At Dynamic Estate Planning we can help you in creating three major types of powers of attorney including:
Durable Power of Attorney
A durable power of attorney is a specific power of attorney. The durable provision in this type of power of attorney allows the document to remain in effect and enforceable if you become incapacitated. A durable POA can handle your affairs if you lose mental competency or capacity to do so yourself. It is critical that you only appoint a person you deeply trust to handle a durable power of attorney.
Financial Power of Attorney
A financial power of attorney allows someone else to manage your finances if you become incapacitated. This type of POA grants someone else the legal authority to act on your behalf and make financial decisions for you.
Medical Power of Attorney
A medical power of attorney is used to grant powers to a person who can make medical decisions on your behalf if you become seriously ill. This may occur in the event of a major accident.
Dynamic Estate Planning specializes in creating and updating all types of powers of attorney. We also advise clients as to what they should consider when creating or exercising them, and can even help our clients revoke a power of attorney if necessary.
Powers of Attorney and Other Estate Planning Services Offered by Dynamic Estate Planning
- Revocable Living Trusts
- Trust Planning
- First Wills
- Last Wills and Testaments
- Georgia Advance Directives for Healthcare
- Trust & Probate Administration
- Financial Power of Attorney
- Durable Power of Attorney
- Medical Power of Attorney
- Asset Protection
Protect the Things You Love the Most with Dynamic Estate Planning
If you need help with powers of attorney, trusts, or other estate planning documents, call Dynamic Estate Planning today at 404-991-6511 to schedule an appointment. Our team of dedicated attorneys and support staff will help you get the legal documents you need to protect yourself, your family, and your hard-earned assets. We also offer free consultations if you aren’t sure what type of legal document is best for your needs.