A power of attorney is a legal document that allows for an individual to authorize a trusted second individual to act on their behalf. If you or a loved one need help managing your affairs, you should consider authorizing a trusted individual to be your Power of Attorney. A Power of Attorney may also be put in place during estate planning to come into effect if you become incapacitated or unable to manage your affairs.
Simply put, a power of attorney is for individuals who are unable to legally act for themselves. This disempowerment can arise due to many reasons, such as declining health or a disability. In these cases, a power of attorney may help manage banking, legal matters, real estate matters, obtaining government benefits, taxes and health matters. The scope of a power of attorney can be adjusted to meet your specific needs.
There are many kinds of powers of attorneys. If you feel that you or a loved one may need a power of attorney, then it is best to speak with an attorney to find a solution that works best for you. We at Treadway Law Firm have been helping families for over 30 years. We understand each situation is different and requires a different approach. Contact us at 662-895-8170 to talk with one of our attorneys.
