Powers of Attorney
What is a power of attorney?
A power of attorney is a legal document that allows someone else to sign your name with the same legal effect as when you sign your own name. The dictionary definition is "an instrument in writing whereby one person, as principal, appoints another as his agent and confers authority to perform certain specified acts or kinds of acts on behalf of principal.
What limits and protections can I have with a power of attorney?
Powers of attorney can be limited (such as the ones used to transfer a motor vehicle title that you sign at the car dealership or after a divorce) or be broad full-power (also known as durable general or statutory powers of attorney) which allow the "agent" to transact any and all business the same as you can. Generally the agent owes you a fiduciary duty, meaning they are not supposed to just liquidate your assets and leave, but sadly that sort of thing does happen and sometimes it can be difficult to bring justice because there are usually emotional factors involved (such as when a child does it to you, you may not want them to go to prison). Generally you should only issue one as broad as you are comfortable with or is necessary to accomplish what you are trying to accomplish.
How do I obtain a power of attorney?
Generally a consultation is not necessary, most clients prefer to save the money and just fill out our power of attorney paperwork (below), send it to us via fax/email, and then we will quote a fee to prepare what you need.
If you feel you need a consultation, we can offer you an in-office consultation but you will have to pay the standard hourly rate (one-hour minimum fee).