Now is a very good time to get an attorney to draft your Power of Attorney and Will. Now is always a good time, but now is an especially good time.
What is a Power of Attorney? Principal and Agent in Pointe Coupee
These are the terms to know: Principal and Agent. In a Power of Attorney, a Principal gives his/her Power of Attorney to the Agent. The Agent acts on behalf of the Principal. The Principal gives away power to their Agent. Pretty basic, right?
There are Four Types of Powers of Attorney (POA):
General Power of Attorney: The Agent can perform nearly any act on behalf of the Principal. For example, the Agent can open financial accounts, manage personal finances, and even buy/sell property.
A General Power of Attorney arrangement terminates when the Principal becomes incapacitated, revokes the Power of Attorney, or passes away. This termination does not occur with the next type of Power of Attorney, as described below.
Durable General Power of Attorney: The Durable Power of Attorney is like the above, except that it does not terminate when the Principal becomes incapacitated. The Agent is authorized to act on the Principal’s behalf, as above, plus it includes a durable clause. The durable clause maintains the Power of Attorney after the Principal becomes incapacitated. Durable Powers of Attorney are also helpful when away from your home state.
This is the main kind of Power of Attorney that I create for people. Call Scott Smith at 225-718-5334 to get you or you and your spouse a Durable General Power of Attorney in the Pointe Coupee area, servicing New Roads, Livonia, Morganza, Irwinville, Glynn, and St. Francisville areas.
Special or Limited Power of Attorney: The agent in a Limited or Special POA has specific powers limited to a certain area or range of activities. Examples of a Special or Limited POA include the authority to sell a home or other piece of real estate or a Medical Power of Attorney.
Springing Durable Power of Attorney: Some states use a “springing” power of attorney. A Springing POA becomes effective when a specified event occurs such as when the principal becomes incapacitated. A Springing POA are rarely seen in Louisiana.
When should you get a Power of Attorney in Pointe Coupee Parish?
Now is the simple answer. I’m not just saying that because I’m an attorney. A Power of Attorney is just so useful, so often, in so many different situations.
Powers of Attorney are extremely helpful in medical emergencies, like during a pandemic! Durable Powers of Attorney are also helpful while away from home on a vacation. And what might occur during a vacation? A medical emergency!
Talk to your spouse and loved ones about this. They will likely be your Agent. Do it soon.
It’s helpful to have these conversations in happy times. Plan for the bad times, the turbulent times, during the good, peaceful times. Talk to your loved ones so they know your wishes regarding important financial and medical decisions.
You do not want your loved ones harboring guilt for their lives, because they believe they made the wrong choices for you.
Get your Power of Attorney Today – Do you live in the Pointe Coupee area? New Roads, Livonia, Morganza, Irwinville, Glynn, or St. Francisville?
Call Scott Smith at 225-718-5334 or email him at email@example.com to get you or you and your spouse a Durable General Power of Attorney in the Pointe Coupee area, servicing New Roads, Livonia, Morganza, Irwinville, Glynn, and St. Francisville areas.
Scott L. Smith, Jr. – Attorney at Law
- 2006 False River Drive, New Roads, LA 70760
- 717 Highlandia Drive, Suite 201, Baton Rouge, LA 70810
Call Scott at 225-718-5334 or email him at firstname.lastname@example.org