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Do You Need to Establish a Power of Attorney?
Discuss your options with an estate planning attorney in Sarasota, FL
Even if you're young and healthy, it's never too early to start thinking about who you trust to make major medical and financial decisions on your behalf. Setting up a power of attorney may seem like a daunting task, but Wallack Law Firm will make the whole process hassle-free. Speak with us today for assistance.
Since 1987, Wallack Law Firm has helped countless clients in Sarasota, FL with estate planning services. With our guidance, you'll be able to confidently choose a person to be your agent, obtain the correct forms and file everything properly.
Call us today to learn more about the process for establishing a power of attorney.
Learn more about setting up a power of attorney
While power of attorney is often referred to as a blanket term, there are several different options. The different types of arrangements include:
- Limited power of attorney-this agreement gives the agent only very specific power to perform limited actions for a specified time, such as selling a car for you while you are out of town.
- General power of attorney-while the agent's responsibilities must still be carefully outlined, this agreement gives the agent power on a much broader scope.
- Durable power of attorney-this agreement remains in effect even if the principal becomes incapacitated.
A durable power of attorney arrangement will remain in effect until your death. It can be used to make health care decisions, perform financial transactions or sign legal documents.
