Power of Attorney $99
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.”
The Agent determines the amount of power given to the attorney-in-fact, and this individual can be given the authority to deal with only one particular issue (a specific power of attorney), or to handle most of the principal’s personal and financial matters (a general power of attorney). Regardless of the type of power of attorney granted, the attorney-in-fact is responsible for keeping accurate records of all transactions that he or she makes on behalf of the principal. The attorney-in-fact also is responsible for distinguishing between the types of decisions he or she has the power to make and other decisions.
One of the most popular Power of Attorneys is called a “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. This authorizes your Agent to act on your behalf in handling banking transactions, entering safety deposit boxes, buying and selling property, purchasing life insurance, settling claims, filing tax returns, and handling matters related to government benefits.
Another popular Power of Attorney is called a “Health” Power of Attorney. There are many advantages of having a ‘Health Care’ Power of Attorney. A Health Care Power of Attorney is a document that allows you to designate a person (an “Agent”) who will have the authority to make health care decisions on your behalf if you are unconscious, mentally incompetent, or otherwise unable to make such decisions. In many states you can also express your wishes regarding whether you wish to receive “life-sustaining procedures” if you become permanently comatose or terminally ill, in the Health Care Power of Attorney document.
A power of attorney must be signed by the person granting the authority to their “Principal”. The Principal must be mentally competent at the time of the signing in order to make the document legally binding. The signature on a power of attorney should also be notarized. Notarization makes it harder for someone to challenge the validity of the signature.
Platinum Agency LLC., can easily and affordably help you file a Power of attorney for only $99. We can answer any questions or concerns that you have and are available for you to schedule an appointment today,
call (410) 528-8868.