A power of attorney is a useful tool for appointing someone to act on your behalf.
A power of attorney can be used for a variety of situations and provide for limited powers, general powers, or temporary powers. At Tarantino Law, PLLC, our experience with estate planning legal matters enables us to advise you on the type of power of attorney that will best suit your needs and draft the document so it is in place should the person you choose need to act on your behalf.
- Temporary Power of Attorney– There are several situations in which this is the best option. For example, if you will be traveling and expect not to be reachable, you may want to appoint someone to deal with any urgent issues that might come up only during the time that you will be away.
- Limited Power of Attorney– This type of power of attorney is for situations in which a specific action is going to be permitted, but not power to make all personal and business decisions. An example would be to give a trusted person the power to sign closing documents on a property for you because you cannot make it to the closing yourself. These are also referred to as special powers of attorney. A health care directive is another example that involves giving power only to make your medical decisions in the event that you cannot.
- General Power of Attorney– This is a commonly used power of attorney and is often included in an estate plan to enable the person you choose to handle financial matters when you are indisposed. A durable power of attorney is similar and covers when you are no longer capable of making critical decisions.
If you would like to discuss which type of power of attorney you need for your situation or if you need to have one drafted, don’t hesitate to contact us to schedule a consultation. We are proud to serve the estate planning needs of the Mooresville, North Carolina community and look forward to assisting you.