Rock Island Power of Attorney
Rock Island County POA Attorneys for Financial & Healthcare Decisions
A power of attorney is a legal document that gives another person (known as the "agent") the ability to make decisions on your behalf. This is a very useful tool for those who are unable to make their own decisions, such as those suffering from a debilitating illness or injury. It is also useful for those who will be traveling or away from home for an extended period of time.
Understanding the Two Types of Powers of Attorney
- General Power of Attorney: This gives the agent the ability to make all decisions on your behalf.
- Financial Power of Attorney: This gives the agent the ability to make financial decisions on your behalf.
It is important to note that a power of attorney is not the same as a will. A will is a document that lays out how your assets should be distributed after your death. A power of attorney, on the other hand, allows you to appoint someone to make decisions for you while you are still living. In addition to making financial and healthcare decisions, a power of attorney can also be used to make decisions regarding your taxes, real estate, and other assets.
For more information about powers of attorney or to set up a new one, contact our Rock Island County POA lawyers today at (309) 790-7003 or contact us online.
What Is a Durable Power of Attorney?
A durable power of attorney is a very useful tool for those who are unable to make their own decisions. This type of power of attorney is especially important for those who are suffering from a debilitating illness or injury, as it allows them to appoint someone to make decisions for them while they are unable to do so themselves. It is important to note that a durable power of attorney is only valid if the person who has appointed the agent is unable to make their own decisions. If the person is able to make their own decisions, then a regular power of attorney is required.
A durable power of attorney is also known as a "durable" power of attorney because it is "durable" in the sense that it remains valid even if the person has a change in their health or becomes incapacitated. There are a few different types of durable powers of attorney:
- General durable power of attorney: This allows the agent to make all decisions on your behalf.
- Financial durable power of attorney: This allows the agent to make financial decisions on your behalf.
- Durable power of attorney for healthcare: This allows the agent to make healthcare decisions on your behalf.
It is important to note that a durable power of attorney is not the same as a will. A will is a document that lays out how your assets should be distributed after your death. A power of attorney, on the other hand, allows you to appoint someone to make decisions for you while you are still living. In addition to making financial and healthcare decisions, a power of attorney can also be used to make decisions regarding your taxes, real estate, and other assets.
How Long Does a Power of Attorney Last?
A power of attorney only remains valid for a certain amount of time. It is important to note that a power of attorney is not the same as a will. A will is a document that lays out how your assets should be distributed after your death. A power of attorney, on the other hand, allows you to appoint someone to make decisions for you while you are still living. In addition to making financial and healthcare decisions, a power of attorney can also be used to make decisions regarding your taxes, real estate, and other assets.
How to Set Up a Power of Attorney
Setting up a power of attorney is a very simple process. First, you need to draft a document that states who your agent will be, what kind of decisions they will be able to make on your behalf, and how long the power of attorney will last. Then, you need to have this document notarized and signed by you and two witnesses. Finally, you need to file this document with the appropriate court. If you are interested in setting up a power of attorney, our Rock Island County POA lawyers can help you.
Call our Rock Island County POA lawyers today at (309) 790-7003 or contact us online.