Power Of Attorney: What You Need To Know
A major piece of estate planning is thinking about your loved ones. You don’t want to complicate matters for your caretakers or relatives should you become incapacitated. That’s why Turner & O’Connell, Attorneys at Law, can help you put a plan in place now in case the need arises in the future for someone to act on your behalf in financial matters or for health care.
A power of attorney is a legal process that authorizes another person to act on your behalf, whether it is for someone to step and write checks to pay the bills, or to authorize medical treatment.
In the document, the person who is authorized to act on your behalf is called the agent. You are the principal.
Under Pennsylvania law, there are different kinds of powers of attorney:
- Durable power of attorney — This goes into effect should you not be able to manage your affairs and are not effective upon the principal’s becoming incompetent or unable to manage his or her affairs and that is often used as a form of advance directive.
- General power of attorney — Authorizes the agent to continue the work of a business.
- Irrevocable power of attorney — Just as it sounds, this is a power of attorney that once in place, you cannot revoke.
- Special power of attorney — Authorizes someone to fulfill only a specific business transaction on your behalf.
Put Measures In Place Now To Make It Easier On Your Loved Ones
For the sake of both you and your family, contact Turner & O’Connell, Attorneys at Law, today to schedule an appointment with a lawyer for a free consultation in estate planning matters. We have two office locations. For Harrisburg, call 717-232-4551. To reach our Newport office, dial 717-567-3023.