Power of Attorney

Purpose of a Financial Power of Attorney in Duplin County

Simple and reliable tools to ensure that one's finances are managed if they become incapacitated are called powers of attorney. A financial power of attorney is a document that can be made to prevent complex court proceedings for the creator's loved ones.

The individual can specify when they want the power of attorney to go into effect. In many cases, individuals will obtain springing durable power of attorney documents, which allow them to maintain control over their affairs until they are incapacitated. As you learn about what type of document you have been placed in charge of, speak with a Duplin County estate administration lawyer at your earliest convenience.

If you are the individual planning your estate, you must properly address all aspects of the document. The document will have to be signed in the presence of a notary public. If you obtain a durable power of attorney, the document will last until your death.

Your power of attorney will have very serious and demanding duties as your agent. If you become incapacitated, your agent will use your assets to pay day-to-day expenses, debts, and taxes.

Kenansville Lawyer Provides Legal Guidance

As you face the responsibilities of being named as the agent of a power of attorney, you will need to discuss your circumstance with a Wallace attorney from our firm. We have the knowledge necessary to help you administer a power of attorney.

Laws regarding this estate planning tool are quite complex. As you evaluate the facts of your loved one's estate, we can help you administer the estate plan based on his or her wishes. Our firm provides advice to those who are preparing to act as an agent during the incapacity of a loved one.