An important part of lifetime planning is the Power of Attorney.
An important part of lifetime planning is the Power of Attorney. Valid in all states, these documents give one or more persons the power to act on your behalf. The power may be limited to a particular activity e.g., closing the sale of your home or general in its application, empowering one or more persons to act on your behalf in a variety of situations. It may take effective immediately or only upon the occurrence of a future event e.g., a determination that you are unable to act for yourself. The latter are "springing" Powers of Attorney. It may give temporary or continuous, permanent authority to act on your behalf. A power of attorney may be revoked, but most states require written notice of revocation to the person named to act for you.
The person named in a Power of Attorney to act on your behalf is commonly referred to as your "agent" or "attorney-in-fact." With a valid Power of Attorney, your agent can take any action permitted in the document. Often your agent must present the actual document to invoke the power. For example, if another person is acting on your behalf to sell an automobile, the motor vehicles department generally will require that the Power of Attorney be presented before your agents authority to sign the title will be honored. Similarly, an agent who signs documents to buy or sell real property on your behalf must present the Power of Attorney to the title company. The same applies to sale of securities or opening and closing bank accounts. However, your agent generally should not need to present the Power of Attorney when signing checks for you.
Why would anyone give such sweeping authority to another person One answer is convenience. If you are buying or selling assets and do not wish to appear in person to close the transaction, you may take advantage of a Power of Attorney. Another important reason to use Powers of Attorney is to prepare for situations when you may not be able to act on your own behalf due to absence or incapacity. Such a disability may be temporary e.g., due to travel, accident, or illness or it may be permanent.
If you do not have a Power of Attorney and become unable to manage your personal or business affairs, it may become necessary for a court to appoint one or more people to act for you. People appointed in this manner are referred to as guardians, conservators, or committees, depending upon your local state law. If a court proceeding, sometimes known as intervention, is needed, than you may not have the ability to choose the person who will act for you. With A Power of Attorney, you choose who will act and define their authority and its limits, if any.
What if I move Generally, a Power of Attorney that is valid when you sign it will remain valid even if you change your state of residence. Although it should not be necessary to sign a new Power of Attorney merely because you have moved to a new state, it is a good idea to take the opportunity to update your Power of Attorney.
Will my Power of Attorney expire Some states used to require renewal of Powers of Attorney for continuing validity. Today, most states permit a "durable" Power of Attorney that remains valid once signed until you die or revoke the document. However, you should periodically meet with your lawyer to revisit a Power of Attorney and consider whether your choice of agent still meets your needs and learn whether developments in state law affect your Power of Attorney.
Note that Legalhelpmate.com http://www.legalhelpmate.com/power-of-attorney.aspx provides an easy-to-use, quick, and economical online method for creating completed legal documents for any occasions.
Should You Hire An Accident Attorney
The following article was written for Resources For Attorneys.com by David Hallstrom, a private investigator, he is not now nor has he ever been an attorney.
Are you ready for Your Students Student Loans
Your son or daughter is a high school senior and your worried about the coming year, and more importantly, the coming student loans College has become so important in your childrens future that parents have begun to plan for it at their childs birth. But, not all of us, as new parents thought that far ahead or could afford too. So, now what Student loans, whether they are federal loans or not, are options to considered, but to understand first.
Case Watchers Make It Easy To Keep Up With Criminal Trial News
Nothing is more frustrating than trying to search for news about a specific trial, especially when the mainstream media isn’t interested.Now, Case Watchers keeps readers apprised in an easy to read format.
Plans Arent Wine, And They Dont Always Age Well
The following crossed my desk recently. The author gave me permission to share her story:
The Hidden Danger of the So-Called "Right to Die"
In October of 2003, the case of 39-year-old Terri Schiavo once again brought into focus the debate over the so-called "right to die." The Florida woman was temporarily removed from her feeding tube via a court order received by husband, but was put back on it a few days later when the Florida legislature authorized Governor Jeb Bush to issue a stay. As of this writing, her fate is still being debated in the courts and her case might now be headed for the U.S. Supreme Court. But I wonder if the right to die is something we really want I always shudder a bit when politicians start talking about giving me more rights. Rights have a funny way of morphing into obligations.
Lawsuit funding, also known as pre settlement cash advances, are a form of non-recourse funding that has become a popular service in the past few years. Injured clients all over the United States can use this service to get cash for their lawsuit now. Funds advanced can be used by the client for any immediate financial pressures including mortgage payments, credit card bills, to get out of debt, car payments and more.
Consumers - Fight Back With FTCs Do Not Call Registry
The Federal Trade Commission has rolled out it’s National Do Not Call Registry and the registration site already has over 700,000 registrants.This is great news for consumers who have grown tired of annoying sales calls by pesky telemarketers.
The New Drug Recall Lawyers
Given the monstrous size and profitability of drug companies, some plaintiff lawyers are considering focusing more of their practice on drug litigation. In fact, shortly after Mercks announcement of the Vioxx recall, some large plaintiff firms started aggressive media campaigns aimed at bringing in prescription drug injury victims.The media blitz has been non stop. Billboards, TV, web marketing, radio, and direct mail are just some of the marketing vehicles that attorneys have used to try and find new cases for them to work on.Many plaintiff law firms are no longer focusing on chasing run of the mill car accidents. Some of them have gone so far as to reposition themselves as “drug recall lawyers,” seeing that the future of their practice may be shaped by the initial outcome of these new pharmaceutical cases.
Getting Your Finances Ready for a SSD Case
Financial security is what everybody wants in life; that and emotional and spiritual security. However, without the sense of being financially secure for the years to come, this has disastrous effects on a person’s general well being.
Pleas & Court Appearances in New York Criminal Courts
At arraignment, the District Attorney may offer a plea to a lesser charge than what you were arrested for originally. Pleas are offered to unburden an extremely congested criminal court calendar, as well as to get rid of lesser criminal cases so the District Attorney can rightfully concentrate on the more serious crimes.
Identity Theft Scams
Identity Theft scams continue to flourish on the web.One that you need to be aware of and beware of is any site that seems to be selling high-demand items digital cameras for instance at a much lower almost unbelievable price than you can find on other sites or the manufacturer’s site.
Affordable Insurance Quotes To Save You Money!
Whether youre looking for insurance quotes for auto, life, travel or health you can find some great rates on the internet. Insurance quotes coverage can provide peace of mind and also financial coverage in the event that something untoward happens.
Political Coverage in West Virginia
West Virginia, once a shoo-in Democratic state for many years, became a battleground state in 2004.
Is Asset Protection Legal
Perhaps youve heard of or seen Hollywoods portrayal of Swiss Bank accounts, Offshore Trusts and Corporations, and Tax Havens of the rich and famous as jet setting moguls live mysterious yet exciting lives.
DUI Law Information
If you’ve been pulled over and accused of a drunk driving offense, or more commonly referred to as a DUI or DWI, then you probably have a lot of questions.You are probably scared, confused, and a little angry if you didn’t feel you deserved it.
Should I Appeal My Social Security Disability Denial
YOU APPLIED FOR SOCIAL SECURITY DISABILITY AND YOUR CLAIM WAS DENIED AND YOU WONDER IF YOU SHOULD APPEAL
The legal system in America is currently stretched with more personal injury lawsuits than it can comfortably process. Many insurance carriers are taking a stronger stand in the settlement process which increases the length of time to resolution in many cases. The victims of personal injury are being hurt the most by this reality because they are often out of work and have difficult time making ends meet until they receive a settlement or judgment in their case.
Lying: Yes or No
What about little white liesWhat about when your partner asks you if this dress makes her look fat.What do you thinkIs it OK to lie to a person we care about for a kind reason, like to make him feel better and more secure, or to avoid a fight.As long as our heart is in the right place, even experts say that honesty isnt always required.You dont have to tell the whole truth if it will hurt your partner or if its something he cant change. "
If Your Case Gets Denied
If you have been injured or become ill and are no longer able to work, you have certain Social Security Disability Benefits. Social Security Disability is a benefit received from the Social Security Administration by disabled workers and in some cases their dependents, similar to those received by retired workers. And you will have to file your case.
Your Social Security Approval Package Finally, the Long Wait is Over!
Back and forth to the Disability Determination Services DDS… Arranging and rearranging data and documents for applications, appeals and motion of requests… Monthly contacts with the Social Security Administration Claims Rep and the DDS examiner… After endless consultations with your legal counsel or representatives, after many, many series of medical consultations and examinations, and finally, after too many false hopes and expectations… Your patience and determination has been rewarded! You have received the ultimate information relating the approval of your Disability Benefit claim!
|home | site map|