![]() Updated 'LP12 Make and register your lasting power of attorney: a guide'.Īdded translation and changed fee levels on documents Removed 'Before you sign' and 'LP3' tables to improve accessibility ![]() Update to LP12 PDF and HTML- new guidance on discretionary investment management. Slight update to LP12- removal of wording within section A7. Also updated zip files for PFA and HW LPA packs. We assist clients living on the Main Line in Montgomery County, Pennsylvania, including cities such as King of Prussia, Wayne, Radnor, Conshohocken, Norristown, and other surrounding cities.Edited Welsh HTML version to match the English version. Our experienced experienced Pennsylvania estate planning attorney Joe Frabizzio has years of experience helping families like yours. You can read about it here: What Is An Advance Healthcare Directive? Question: Who can help me create a power of attorney? It’s called an advance healthcare directive (or “living will). No, there’s a separate document for that. Question: Can I use a durable power of attorney to appoint someone to make my medical decisions? Yes, as long as you’re are mentally and physically capable of doing so, you can appoint someone else at any time. Question: Can I change my mind and appoint someone else in the future? ![]() The power to act on your behalf will “spring” into action at a particular time or when something happens (such as when you if physically disabled). Yes, that’s what’s called a “springing” power of attorney. Question: Can I name someone now to be my power of attorney, but withhold their right to act on my behalf until later? Once you become physically or mentally disabled, you won’t be able to appoint the person you want to manage your assets. ![]() Question: Can I wait until I become mentally or physically disabled to create a power of attorney?Ībsolutely not. Question: Who should I choose as my power of attorney?Ĭhoose your spouse, a child, a family member, or a friend who you trust and who is responsible with finances. You should also contact the person you appointed (if you haven’t already done so) and let them know. Some banks require that you sign a separate form to designate someone to be your power of attorney. Once you set up your durable power of attorney, you should contact your primary care doctor, banks, and other financial institutions. Question: How can I inform my bank about my power of attorney? For example, you can permit your agent to pay your bills, but not sell your home. You can limit your agent’s power to particular acts. ![]() Question: Do I need to give one person the power to handle my financial affairs? If you become mentally or physically disabled, wouldn’t you want someone you trust to be able to conduct your business and manage your money for you? Without a durable power of attorney, someone you dislike in your family could potentially request the court to appoint him or her as your power of attorney. Frequently Asked Questions About Durable Powers of Attorney Question: Why should I give someone the power to manage my assets for me? As you’ll learn, it’s very, very important. It’s a legal document that allows you to pre-select who you want to take care of your finances and assets if you become mentally or physically disabled. You may be asking why you need a durable power of attorney. All Adults Need A Durable Power of Attorney in Pennsylvania ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |