What is a Power of Attorney?

A Power of Attorney grants legal authority to an appointed individual (known as an agent or attorney-in-fact) to act on your behalf in specific situations. The scope of the POA can vary greatly, from limited powers (e.g., handling a real estate transaction) to broad authority (e.g., managing finances or making healthcare decisions).

Different Types of Powers of Attorney

General Power of Attorney: Gives your agent broad powers to handle your affairs, including financial and legal decisions.

Durable Power of Attorney: Remains in effect even if you become incapacitated, ensuring that your agent can continue to make decisions on your behalf.

Medical Power of Attorney: Specifically grants authority to make healthcare decisions for you if you are unable to do so.

L imited Power of Attorney: Grants authority for specific tasks, such as selling a property or managing a single financial transaction.

Each type of POA serves a unique purpose, and it’s important to choose the right one for your needs.

Why You Need a Power of Attorney

Life is unpredictable, and a sudden illness or accident can leave you unable to manage your affairs. Without a POA, your loved ones may face significant legal hurdles in trying to make decisions on your behalf. A well-drafted POA ensures that your wishes are respected and that the person you trust most is empowered to act in your best interests.

Schedule a free consultation today with The Law Firm of John C. Fitzpatrick, P.C. at 919-683-9500 or send a message online with your legal questions.