Estate Planning - Power of Attorney
A durable Power of Attorney allows you (the “principal”) to designate an individual you know and trust (your “agent”) to arrange for and manage your finances when you become incapable or incapacitated. Creating a Durable Power of Attorney avoids costly and time consuming court proceedings and the potential for someone you do not want to manage your finances to be assigned as your agent.
The authority given to your agent is very broad and it is critical that you select someone you thoroughly trust. Agents are held accountable under Pennsylvania Law and the Power of Attorney can be revoked at any time.
The Power of Attorney will not expire until it is revoked. It is a good idea, however, to review and update the Power of Attorney regularly since some institutions are less likely to take a document that is several years old. I can help you understand the implications, pros and cons of creating a Power of Attorney. I can draft your Power of Attorney so that it is clear and easily understood.
To contact Attorney Carole Hendrick, call 610-489-0295 or click here.