Drafting a Power of Attorney in Alexandria
How to Get Power of Attorney – What is it and do I need it?
Whenever we have a client who requests a simple will or trust, we almost always recommend a power of attorney and advance medical directive as well. A will or trust covers the distribution of your assets when you’re dead, but a power of attorney covers your financial and legal affairs while you’re alive in the event that you become incapacitated.
Who Should be Your Power of Attorney?
A power of attorney pre-emptively designates a person or person(s) to act as your legal agent in the event that you become incapacitated. It grants them a broad spectrum of powers to act in your stead including the power to make significant legal and financial decisions on your behalf.
For this reason, it is important that you trust the person that you designate as your agent. It is equally, if not more important, that you have a power of attorney because the court gets to decide who will act on your behalf in making these decisions if you become incapacitate and do not have a power of attorney.
In addition to being able to choose your lawful agent through a power of attorney, you avoid the excessive cost of having the court appoint a guardian or conservator.
Durable POA vs. Springing POA
The primary difference between a durable power of attorney and springing power of attorney is when the document becomes effective.
A durable power of attorney grants the designated agent the powers laid forth immediately effective upon execution. This means that the agent may act on behalf of the other person immediately regardless if whether that person is incapacitated or healthy.
Durable Power of Attorney
The advantage to a durable power of attorney is that the agent may make immediate legal and financial decisions as soon as the other person become incapacitated – often due to some sort of emergency health event.
Feel free to contact us at (703) 468-8557 if you would like to consult with a trust and estate planning attorney.
SPRINGING POWER OF ATTORNEY
Mr. Ryan Campbell is The Great Lawyer! Very knowledgeable about the law and had my case dismissed!- Eduardo O.
Right from the start, I felt like I was in good hands. I could tell Joe King really cared about my situation and believed me.- Mark T.
Mr. King has the ability to really and truly listen, and then starts to strategize from a point of understanding.- Meti L.
From our initial meeting and throughout the process I had a 100% confidence I had made the right choice. Joe was easy to communicate with, very professional.- J.G.
Mr. Campbell went above and beyond to defend me and I am great-full to have representing me.- Habte Z.
My case became so complex and Evelyn managed to be one step ahead each time. She kept me updated at every step.- Rinku S.
Mr. Sherlock is definitely for the people he represents.- Evin R.
I highly recommend Evelyn Mitchell, if your marriage must be dissolved she is a lawyer you can trust to watch for your best interests and bring you to a good conclusion.- Ross B.