Power of Attorney
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1. Answer a few simple questions about your company.
2. We will take care of the paperwork and the filing of your documents
3. You will receive hard copies of your Power of Attorney package via mail.
How It Works
What is a Power of Attorney
A power of attorney is a legal document that lets you (the “principal”, “granter” or “donor”) give someone (called an "agent" or "attorney-in-fact") the power to handle financial and legal matters on your behalf. With a power of attorney, the appointed “agent” will be legally permitted to take care of important matters for the “principal”, including paying bills and managing investments, when the “principal" is unable to do so themselves.
It can be very beneficial to have a power of attorney, in case you become incapacitated and need someone to look after your financial affairs. A POA is cheaper and less stressful than having to deal with guardianship proceedings. Although POA’s can be very beneficial it is important to realize the importance of choosing a trustworthy “agent” because signing a power of attorney is very much like signing a blank check and therefore it is important to understand the laws that apply to the document.
Durable Power of Attorney
It is no trouble to revise a POA document. If you decide you want to change the amount of control your agent has or you feel the need to change to another agent, you simply need to fill out a new POA form.
A durable power of attorney has the same function as a POA. The difference is that with a DPOA, the agents power to handle financial and legal matters on your behalf remains effective even if you become incapacitated. DPOA’s are thus important estate planning tools. In the case that you become incapacitated, your agent can maintain your financial affairs until you are again able to do so, without any need for court involvement.
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