There are many people who do not understand what a power of attorney is or why they would need one. Others believe that only the elderly need to have a power of attorney. In reality, almost everyone, especially those who are not married, should have a power of attorney. It is a way to protect yourself and your wishes when you are unable to do so for yourself.
In the legal world, a power of attorney is simply a document that you have had drawn up and signed that gives someone else in your life the power to make decisions on your behalf. Most believe that the elderly are the ones that need a power of attorney to help take care of things when they are no longer able to care for themselves. But in reality, you never know when something is going to happen. If, for instance, you are in a car accident and unconscious, you need to have someone to take care of your medical decisions for you, especially if you are single.
A durable power of attorney has the ability to sign your checks and cash them, sell any property that has your name on it, go after insurance claims, and spend your money. There are times when a durable power of attorney is assigned to you, such as if you are put on a mental hold or if you are found incapacitated. At this point the courts would assign someone to care for your needs.
A power of attorney is a good thing to have, especially if you are single or if you are not married. By having a power of attorney, you can be confident in knowing that your needs are taken care of while you are unable to care for them yourself. Learn more about how to create an effective power of attorney document at LawProfessor.com now.
Submitted By LawProfessor.com
In the legal world, a power of attorney is simply a document that you have had drawn up and signed that gives someone else in your life the power to make decisions on your behalf. Most believe that the elderly are the ones that need a power of attorney to help take care of things when they are no longer able to care for themselves. But in reality, you never know when something is going to happen. If, for instance, you are in a car accident and unconscious, you need to have someone to take care of your medical decisions for you, especially if you are single.
A durable power of attorney has the ability to sign your checks and cash them, sell any property that has your name on it, go after insurance claims, and spend your money. There are times when a durable power of attorney is assigned to you, such as if you are put on a mental hold or if you are found incapacitated. At this point the courts would assign someone to care for your needs.
A power of attorney is a good thing to have, especially if you are single or if you are not married. By having a power of attorney, you can be confident in knowing that your needs are taken care of while you are unable to care for them yourself. Learn more about how to create an effective power of attorney document at LawProfessor.com now.
Submitted By LawProfessor.com
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→Understanding a Power of Attorney
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