What Is a Power of Attorney?

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What Is a Power of Attorney?
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Legally Binding Document
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A power of attorney is a legally binding document
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Powers of attorney are used within the legal
field to accomplish a variety of objectives
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Empowering a Representative
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When you create a power of attorney you empower
a representative to act on your behalf
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The Grantor or Principal
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The person creating the power of attorney is
called the grantor or principal
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Agent or Attorney-in-Fact
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The individual who is empowered to act on behalf
of the grantor is called the agent or
attorney-in-fact
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Incapacity Planning
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INCAPACITY PLANNING involves selecting a
representative to act for you in the event of
your incapacitation
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Durable Powers of Attorney
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Durable powers of attorney are used for
incapacity planning purposes
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With a durable power of attorney you name an
agent who can act on your behalf in the event of
your incapacitation
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Because of the DURABLE designation, it remains
in effect even if you become incapacitated
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Free Incapacity Planning Consultation
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If you are interested in preparing for possible
incapacity as a senior citizen contact our firm
to schedule a free consultation
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