Power of attorney is a term that many people hear before they understand it. The term comes up often on television and other fiction but is not always used correctly. This leaves many with an unclear idea of what power of attorney is, and the typically negative context in which it is used can make people reluctant to look it up. At Elder Law & Estate Planning Solutions of the Piedmont, we want to help you make the best decisions for your family, which means you need to understand important legal terms like this. Here is our guide to what power of attorney is and what it means.
Put simply, power of attorney is a legal document that allows you to appoint a person or organization to act on your behalf. In everyday speech, it is most commonly used to refer to the person you appoint, typically in the context of making medical decisions for you in the event that you are unable to do so. Besides making medical decisions, power of attorney can also grant someone the power to handle financial transactions, buy life insurance, settle claims, employ professional help, or more on your behalf.
Choosing who will receive your power of attorney is an important decision that shouldn’t be taken lightly. You need to trust the person you choose to honor your wishes, and you need reliable legal experts to help you draft the documents outlining the powers you entrust to them. If you are ready to declare power of attorney, you can call us at Elder Law & Estate Planning Solutions of the Piedmont to start finalizing these legal safeguards.
If you live in Concord, NC & need help planning for the welfare of your children or elder loved ones, turn to us at Elder Law & Estate Planning Solutions of the Piedmont.Elder Law & Estate Planning Solutions of the Piedmont
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