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The Basic Reasons For Establishing A Power Of Attorney

A power of attorney is a legal document that gives one person the power to act for another person. There are various reasons why a power of attorney may need to be established, and Santa Clarita power of attorney lawyer Andrew Cohen at the Law Offices of Andrew Cohen is here to help. He will handle every aspect of this process for you, including establishing the scope of the power of attorney and filing the documents with the court. <br>

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The Basic Reasons For Establishing A Power Of Attorney

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  1. The Basic Reasons The Basic Reasons For Establishing A For Establishing A Power Of Attorney Power Of Attorney

  2. A power of attorney is a legal document that allows a “principal” to appoint an “agent” to act for them (the principal). The agent is expected to place the interests of the principal ahead of their own, which is why it is crucial to pick a trusted individual in these cases.

  3. There are various reasons why a person would want to establish a power of attorney, and there are four basic types of power of attorney and the lawyer Andrew Cohen from Law Offices of Andrew Cohen wants to discuss: General Power of Attorney Springing Durable Power of Attorney Special or Limited Power of Attorney Durable Power of Attorney

  4. In these situations, an agent will be able to perform nearly all of the same actions as the principal, including opening, closing, and managing financial accounts and personal finances. General Power of Attorney: In these cases, the agent will have specific powers limited to a certain area. For example, the agent may have a power of attorney that grants them the authority to sell a home or other type of real estate. Special or Limited Power of Attorney:

  5. This type of arrangement will designate another person to act on behalf of the principal and includes a “durable” clause that allows the powers to remain in place if the principal becomes incapacitated. Durable Power of Attorney: This type of power of attorney is created with a clause that allows it to “spring” into place when a certain event occurs. For example, a power of attorney may not be in effect unless a person becomes incapacitated. Springing Durable Power of Attorney:

  6. Some of the types of actions that an agent may be granted in a power of attorney include: The ability to control a person’s finances. Access the principal’s finances to pay for healthcare, housing, etc. File taxes for the principal. Make investment decisions. Collect the principal’s debts. Manage the principal’s property.

  7. The ability to make medical decisions. Control the type of care a person receives or does not receive. Control which doctors and care providers the principal uses. Control where the principal lives (long-term care facilities).

  8. Contact Law Offices of Andrew Cohen For A Consultation Of Your Case Today If you or somebody you care about is seeking to establish a power of attorney over another individual, contact a santa Clarita power of attorney lawyerAndrew Cohen as soon as possible. At the Law Offices of Andrew Cohen, he will handle every aspect of this process for you, including establishing the scope of the power of attorney and filing the documents with the court.

  9. Contact Details ADDRESS 25060 Avenue Stanford, Suite 255 Santa Clarita, CA 91355 PHONE 661-481-0100 WEBSITE https://www.andrewco henlegal.com/contact/

  10. Thank You!

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