What Is Power of Attorney?
Power of attorney involves granting another person, persons, or party the authority to act in service of the legal and financial matters of another. It can also be a term in reference to a legal document granting the power of attorney to someone. Utilizing a power of attorney ensures that if the concerned party were to become incapacitated or incapable of normal reason, the assets of that person would remain secure and all legal obligations would continue to be met. During the creation of a POA document, carefully managed stipulations and terms must be followed, which makes the initial drafting and enacting of a power of attorney document incredibly important.
Power of attorney can be used to grant the ability of another party to handle:
- Managing daily expenses
- Transferring assets to a trust
- Matters of financial investment
- The collection of income
- Handling annual taxes
- Asset and property claims pertaining to inheritance
- Managing transitions with financial firms
- Purchasing insurance policies for you
- And considerably more
Are you seeking a legal firm that can handle power of attorney for you or a loved one? Connect with Peters Law Firm online now to begin.
Contact Us for Power of Attorney Services in Southwest Iowa and Nebraska
Power of attorney is an incredibly sensitive topic, and one that demands careful planning and precision in drafting—a single mistake or omission may lead to the complete invalidation of the document, or may open it up to challenge from other concerned parties. It is our top priority to ensure we see that our client’s wishes and stipulations be laid out plainly and indisputably. We will take great care in order to ensure your power of attorney process is as simple as possible, and with the least amount of stress to you.
If you are concerned about becoming incapable of maintaining control of your assets, or wish to protect yourself and loved ones, we make it our top priority to make certain your power of attorney is conveyed in the best manner possible.
Reach Peters Law Firm today by calling (712) 328-3157, or contact us online to schedule a consultation with our estate planning lawyers in Council Bluffs and Neola.