Powers of Attorney in Pittsburgh and in Western Pennsylvania
Why do I need a financial power of attorney?
When you are creating an
estate plan to prepare for the future, it is crucial to address who will handle your
affairs for you in the event you become incapacitated or otherwise unable
to handle your own affairs.
As an estate planning lawyer with over 34 years of experience, I strongly recommend you have a general durable
power of attorney as part of your estate planning documents. A power of attorney is a legal
document that lets you name someone that you know, love, and trust to
manage your financial affairs if you become physically or mentally incapacitated.
Your agent under your power of attorney is authorized by you to perform
any task in your place and in your stead and on your behalf.
Pittsburgh estate planning attorney who provides legal services throughout Western Pennsylvania, I know your
estate plan is only as effective as you make it, which is why I encourage
clients to be as thorough as possible. Including a power of attorney alleviates
your family from stress and pressure, as it appoints someone that you
chose to handle your affairs in the event that you are incapacitated.
How should I choose my agent?
A power of attorney gives an individual control over your personal assets
and monetary assets. Thus it is very important that you chose your agent
wisely. Most married couples will appoint their spouse as their initial
agent. In the event the initial agent is unable or unwilling to serve
under the power of attorney, then in that event a person that you know,
love, and trust should be appointed as your successor agent.
When will my financial power of attorney end?
- Upon your death.
- When you revoke the durable power of attorney.
- When your spouse is your agent and you get a divorce.
- On rare occasions, when a court invalidates the document because you were
not mentally competent at the time you signed it, or you were a victim
of fraud or undue influence.
- No agent is available. To avoid this from occurring, you can name an alternate
agent in your document.
Should you fail to sign a power of attorney and thus fail to appoint an
agent to handle your affairs, a loved one would have to petition the court
to be appointed as the guardian of your person and your estate so that
your affairs are handled in a prudent and timely manner. Your power of
attorney document is a vital piece of your estate plan, ensuring that
your needs are met when you are unable to take care of them yourself.
If you want a power of attorney included with your estate plan, enlist
the services of D'Onofrio Law Office, P.C.
To start planning for your future,
schedule a complimentary initial consultation today. For further information on how I may be able
to help you draft a financial power of attorney,
contact my law office.
Moon Township, Allegheny County, Beaver County, Washington County, Butler County, Westmoreland
County and all of Western Pennsylvania.
Contact my law office today
get peace of mind.