Situations arise during many of our lives where we are no longer able to make decisions to protect our own wellbeing. In these instances, you want to ensure that a trusted family member or friend is able to make decisions on your behalf as it pertains to finances, business, and other designated activities.
The most common and effective way to accomplish this is to create a power of attorney. These legal documents empower other individuals to make decisions on your behalf. These can be general, durable powers of attorney that last until your death or specific powers of attorney that allow others to perform only a specific role.
A Junction City power of attorney lawyer may be able to help you if you anticipate giving another person the authority to control certain aspects of your life. This can include drafting these documents in the way that you need as well as explaining how they function in the real world. Reach out to a compassionate attorney who can help you make the necessary plans needed for your family.
What Does a Power of Attorney Do?
Every adult has the sole authority to make decisions concerning their life and welfare. This includes handling their own finances, obtaining property, and filing paperwork with the government. However, situations can arise where an individual is no longer able or willing to take on these duties themselves. It is here where a power of attorney can be useful.
A power of attorney enables another to act on behalf of the author. The holder of the powers can attach a copy to a loan application, tax return, purchase of property agreement, or any other legal document. The power of attorney notifies the other party that the holder has the authority to act on behalf of the subject.
One area in which a power of attorney has no effect is in medical decisions. Here, the patient still retains control unless they have a guardian with the authority to make these decisions on their behalf. A skilled attorney could provide more information about how power of attorney works in Junction City.
Not Every Power of Attorney is the Same
When most people think about powers of attorney, they imagine a one-dimensional document that gives blanket powers to act on behalf of another. Kansas Statutes § 58-654 provides that an individual may create a general power of attorney that is durable across time. This means that the holder has total power to make financial decisions on behalf of the subject until the subject’s death or the subject rescinds the order.
However, other versions of powers of attorney can be surprisingly flexible. The party making the document has the ability to specify that the document will only remain in effect until a certain date in the future. Similarly, the maker can also empower the holder to undertake specific tasks. These could include the filing of a tax return, the procuring of a vehicle, or the selling of real estate.
Providing as much specific information as possible is vital to the proper creation of a power of attorney. A seasoned power of attorney lawyer in Junction City could work with individuals to meet their specific needs and develop an individualized plan for their power of attorney.
Contact a Junction City Power of Attorney Lawyer Today
Having a power of attorney in place is a serious matter. The holders of these documents can have nearly unlimited power to take control over your finances and property. This is why it is crucial to be as specific and precise as possible when drafting these documents and to fully understand their impact on your life.
Working with an experienced power of attorney lawyer could provide you with essential guidance. A well-versed attorney can explain how these documents function, listen to your specific needs, and draft documents that have the intended legal effect. Contact a Junction City power of attorney lawyer today to learn more.