FAQ’S

A Power of Attorney is a document in which you appoint someone to make financial and legal decisions on your behalf. It is valid only while you are living and the power ends upon your death. A Power of Attorney does not include the power to make health and/or personal care decisions on someone’s behalf.

Appointing a person to be your Attorney under a Power of Attorney allows that person to take care of any financial responsibilities or legal matters that you have, in the event that you become incapacitated, experience illness or an accident, or in the event that you are not available due to a job situation, travel, etc. An Attorney’s responsibilities can include anything from day-to-day banking, renewing mortgages, managing the sale of a business, etc. You have the ability to restrict the powers of your Attorney as you prefer or to give your Attorney powers broad enough to cover all your financial affairs whether you are capable or become incapable.

A Power of Attorney is a document in which you appoint someone to make financial and legal decisions on your behalf. It is valid only while you are living and the power ends upon your death. A Power of Attorney does not include the power to make health and/or personal care decisions on someone’s behalf.

A specific power of attorney is a document similar to a power of attorney. It allows you to appoint another party to act on your behalf regarding a specific matter such as a real estate transaction. This document can also be for a specific amount of time.

An enduring power of attorney is a power of attorney that allows another party to act on your behalf for financial or legal affairs while you are still alive. A common misconception is that power of attorney documents are only used when an individual become incapacitated or after death. This is not true. In fact, many people consider this to be the document of choice when having personal planning documents prepared. Have more questions in regards to power of attorney options? Contact the experts at Smith Alliance to learn about all your options.

We advise that you take careful consideration when choosing who to give power of attorney to. This should be someone you trust, someone who is capable of doing the job and someone who can be available to help you when necessary.

Appointing a person to be your Attorney under a Power of Attorney allows that person to take care of any financial responsibilities or legal matters that you have, in the event that you become incapacitated, experience illness or an accident, or in the event that you are not available due to a job situation, travel, etc. An Attorney’s responsibilities can include anything from day-to-day banking, renewing mortgages, managing the sale of a business, etc. You have the ability to restrict the powers of your Attorney as you prefer or to give your Attorney powers broad enough to cover all your financial affairs whether you are capable or become incapable.