Power Of Attorney Lawyer Serving Alabama
A Power of Attorney is a document that allows you (the “principal”) to appoint a representative (“agent” or “attorney-in-fact”) to make certain financial decisions and conduct certain transactions on your behalf. A power of attorney can authorize an agent to handle ongoing financial needs or specific tasks, such as signing a document in your absence. Some examples of these tasks may include:
- Paying Bills
- Filing Tax Returns
- Trading Stocks
- Buying or Selling Property
- Handling Retirement Benefits
- Hiring In-Home Care
In addition to authorizing an agent to have certain financial powers, a principal can also limit the agent’s powers in a power of attorney. An effective power of attorney document should also specify when the power of attorney goes into effect, such as immediately or for a specified period or task, and when and if it expires. A “durable” power of attorney will last until it is cancelled or until the principal passes away; it is not affected by the subsequent incapacity of the principal.
Contact Us for Estate Planning Assistance
We welcome the opportunity to serve your estate planning, probate, and trust administration needs. Contact The Hawkins Law Firm to schedule a consultation with an experienced power of attorney lawyer.