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Power of Attorney

Estate Planning Preparation and Review by a Leesburg Estate Planning Lawyer

An estate plan is essential to securing the welfare of you and your family. A comprehensive estate plan uses various legal tools to effectuate your intent in the event you die or otherwise become incapacitated. In addition to wills and trusts, a carefully constructed estate plan will also identify who is granted power of attorney when you can no longer make decisions for yourself.

Granting power of attorney can give some significant legal authority. That is why it is important for you to consult a qualified Leesburg estate planning attorney. At Legacy Law Centers, we dedicate our practice to estate planning matters and are deeply familiar with the legal implications attributed to power of attorney documents. We proudly serve families throughout Virginia and are happy to assist you with important and sometimes complex legal issues so you are fully informed throughout the estate planning process.

Call Legacy Law Centers at (571) 200-5559 to schedule a consultation with an experienced estate planning attorney.

What Is a Power of Attorney?

When you grant someone power of attorney, you charge them with the legal authority to make decisions on your behalf regarding a variety of matters. Thus, it is important to grant power of attorney only to persons you can trust.

Powers of attorney are commonly granted with regard to the following:

  1. Healthcare. Granting power of attorney empowers your agent to make important healthcare decisions for you.
  2. Finances. The power of attorney recipient has the authority to pay your bills and manage your bank accounts.
  3. Real estate. Power of attorney grants your agent to manage, buy, or sell real estate.
  4. Business. Your agent will be empowered to conduct your business affairs and make business decisions on your behalf.

Springing Power of Attorney

Typically, power of attorney becomes effective immediately upon executing the document. If you want power of attorney to vest conditionally upon some event, you should use a “springing power of attorney.” Here, the powers of attorney “spring to life” upon the occurrence of a specified condition. The springing condition can be an event (your incapacity) or a specific date (e.g. September 1, 2019 or the date of closing for the sale of real estate).

Start Planning Your Future with a Leesburg Estate Planning Lawyer

If you are eager to get a head start on your future plans, Legacy Law Centers is ready to help. As our client, you will have access to an extensive network of professionals who can guide you through each part of the estate planning process. You can rely on our experienced estate planning attorney to inform you about the legal implications of granting powers of attorney in different situations. We are eager to help you realize your ideal vision of the future for you and your successors.

For more information, please call Legacy Law Centers at (571) 200-5559 or visit us onlineto schedule an appointment with our experienced estate planning attorney today!

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