Protecting Your Interests Through Powers Of Attorney
The possibility of incapacity and the inability to make decisions for oneself due to illness, injury or advanced age can be frightening. Imagine witnessing the mismanagement of your estate and the disregard for your medical wishes while you are alive, but you are powerless to do anything about it. This is why you need a power of attorney.
A power of attorney (POA) is a legal document that empowers a person of your choice, referred to as your agent or attorney-in-fact, to act and make decisions on your behalf in specified situations. When established correctly, this document safeguards your interests at times when you are not capable of managing your affairs personally. It is a critical part of your complete estate plan.
The Types Of Powers Of Attorney In Texas
In Texas, several types of powers of attorney are available, each serving a specific purpose. Our estate planning lawyer at the Law Office of Jon R. Disrud can guide you through selecting and executing the appropriate power of attorney for your unique circumstances. Here are some of the most common types:
- General power of attorney: A general POA allows your agent to act on your behalf in virtually all legal and financial matters, including buying or selling property, managing investments and conducting business transactions. It becomes void if you are incapacitated.
- Durable power of attorney: A durable power of attorney remains enforceable after you are unable to oversee your affairs due to incapacitation. Therefore, the agent you empower can continue to act on your behalf during periods of incapacity.
- Medical power of attorney: Also known as a health care power of attorney, this document grants your agent the authority to decide on matters concerning your medical care.
- Limited power of attorney: As the name suggests, this type of power of attorney limits your agent’s powers to specific matters or transactions outlined in the document.
- Springing power of attorney: This is a POA that springs into action upon a certain event, typically the incapacitation of the principal. It allows for a delay in the agent’s authority until it is necessary.
Our experienced attorney in San Antonio will work closely with you to ensure you correctly complete your POA, so it remains enforceable when you need it.
Establish Powers Of Attorney Today
We will work hard to protect you and your interests no matter what life may bring. Call us today at 210-569-0581 for a free consultation or message us here directly.