A Few FAQs About Power of Attorney
by Mobile Wills Perth Mobile Wills PerthWhat exactly is POA or Power of Attorney?
POA or Power of Attorney
is a legal document which gives one person normally the agent the power to act
for another person. Agent can have broad legal authority or a limited authority
to make legal decisions about the medical care, finances and principal
property. Power of Attorney is used in case of the principal disability or
illness or when the principal is not present to endorse the requisite legal
documents or the financial transactions.
How Does Power of Attorney End?
A POA can end
because of the several reasons like in case where principal dies, in case of
his/her revoking it, in case of court invalidating it, in case of principal
divorcing their spouses and in case agent is no longer able to carry out
his/her duties.
Why to Use Power of Attorney?
There are many
people who run after obtaining power of attorney. There are many reasons to use
power of attorney and there are different types of power of attorney. Nobody
knows when the emergency comes and the power of attorney would be needed.
Who Needs POA?
Anybody who
wants permit from another person to perform certain legal activities on his/her
behalf needs a POA. This financial document enables another person to handle
the financial matters, to make health care decisions and to take care of young
children etc. In most of the states, power of attorney is easy to use.
How to Choose An Agent for POA?
Once you know
that power of attorney is essential for you to get empowered, you would
obviously begin to wonder whom to trust as an agent.
For the Finances:
If it is a
financial power of attorney, it is important to have confidence in the
financial knowledge of the lawyer. If he can take good financial decisions, he
is worth hiring.
For the
HealthCare:
If you need a
healthcare power of attorney it is important for you to talk with your agent
about what exactly you want. Do you want to be alive at any cost? Do you want
certain treatment and procedures but not others? You can spell out such desires
with your attorney and get it done in the Power of Attorney itself or on a
different document.
Above all, the
agent that you choose for POA should be aptly qualified and the one you can
trust. Gone are the days when people used to hire lawyers to get their will
prepared. Now with the help of a Will maker kit, they can write their own will.
Many people express
the desire and say, “ I want to write my
own will.” They can do so under a proper legal guidance and with the help
of software.
For more info
visit at: https://mobilewillsperth.com.au/
Sponsor Ads
Created on Jun 17th 2021 23:42. Viewed 291 times.