What is a Power of Attorney? Why is it important or useful to know about? What are its benefits? Who or what situation is it best suited for? Who is an ideal client for this service?
A power of attorney is a legal document that allows you the principal to name a person to act on your behalf. A power of attorney also known as a durable power of attorney allows you to appoint an agent/attorney in fact to act on your behalf if you are incapacited. A power of attorney is only good during your lifetime.
What problems or challenges does a Power of Attorney address?
Here are some examples of tasks you can have your agent do:
- File lawsuits on your behalf
- Respond to lawsuits against you
- Make bank deposits, withdrawals or other transactions
- Trade stocks and bonds
- Pay your bills
- Buy or sell property
- Hire people to take care of you
- File your tax returns
- Arrange the distribution of retirement benefits
- Negotiate and sign contracts
- Apply for benefits like SSI or Medi-Cal
Why work with Key Counsel P.C. Law Firm for this service?
Not all Power fo Attorney documents are drafted the same. There is no one size fits all. Our attorneys are skilled drafters and listen carefully to create a power of attorney that meets all your needs. If you have questions about creating a Power of Attorney or are ready to move forward with creating a Power of Attorney, we are ready to help.