The Durable Power Of Attorney And What Is It?

 

The Durable Power Of Attorney And What Is It?

Every effective estate plan includes a durable power of attorney. Even though it is a strong document, it can come in handy when you need someone to handle your affairs. A durable power of attorney is what, though? An explanation of the document’s functionality is provided below.

What does a durable power of attorney accomplish?

An AIF or Agent is designated by the Principal in a durable power of attorney to handle financial matters on their behalf. There is no standardized statutory form for a DPOA in Massachusetts. An attorney should create a DPOA specifically for the Principal.

A DPOA often grants the AIF a broad range of authority to make decisions on behalf of the Principal:

Ability to do banking and sign checks

Ssell property (including the home)

Invest resources

Run a business.

Controlling life insurance

Remit taxes

Gather the mail

Offer gifts

Contract signing, etc.

Durable Power of Attorney Free Consultation

If you have any questions or in need a Durable Power of Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

We help you with Estate Planning, Wills, Trusts, Power of Attorney, Health Care Directive, Estate Administration, Probate and More

When you need a Lawyer, contact this law firm:

Parklin Law

5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618–0699
https://www.parklinlaw.com/

https://parkin-law.business.site/

https://dailydivorcelawyerutah.com/the-durable-power-of-attorney-and-what-is-it/

Divorce Lehi Utah

Ascent Law LLC 8833 S Redwood Rd Suite C, West Jordan, UT 84088 (801) 676-5506…

docs.google.com

Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Location: Logan, UT, USA

Comments

Post a Comment

Popular posts from this blog

How do lawyers that defended criminals feel?

Image
The feelings and emotions experienced by lawyers who defend criminals can vary widely depending on the individual, the nature of the case, their personal beliefs, and their level of experience. Here are some common feelings that  criminals lawyers  who defend might experience: Professional Responsibility : Many defense attorneys approach their work as a professional duty to ensure that their clients' rights are upheld and that they receive a fair trial. They might focus on the procedural aspects of the law and the importance of a robust legal system. Emotional Detachment : To effectively represent their clients, defense attorneys often need to detach themselves emotionally from the alleged crimes. This can sometimes lead to a sense of detachment or desensitization from the gravity of the crimes they're defending. Ethical Dilemmas : Defense attorneys may grapple with ethical dilemmas, especially if they suspect their client is guilty or if the crime committed is particularly he...
Read more

Why Hire a Lawyer With Chapter 7 Bankruptcy?

Image
Why Hire a Lawyer With Chapter 7 Bankruptcy? Ascent Law LLC Hire a lawyer with chapter 7 bankruptcy Whether you are considering filing for bankruptcy or you’ve been there and done that, you can rest assured that hiring a lawyer will help you avoid many of the common pitfalls. A  bankruptcy attorney  will take care of the details and ensure that you get the best possible outcome. A bankruptcy lawyer will also ensure that you don’t lose any of your important assets in the process. A good bankruptcy lawyer should explain the ins and outs of the process to you. He or she should walk you through the process of filing for bankruptcy and recommend the best documents for your situation. Lawyer will also take the time to listen to your concerns and answer any questions you might have. The process is complex, but it can be made easier and more stress-free by hiring a lawyer. The best part of hiring a lawyer is that he or she can make sure that your assets are kept intact. A bankruptcy a...
Read more

How do personal injury settlements work?

Image
Personal injury settlements are agreements reached between the parties involved in a personal injury lawsuit to resolve the case without going to trial. These settlements can involve compensation for injuries, medical expenses, pain and suffering, lost wages, and other damages suffered by the injured party. Here's an overview of how  personal injury  settlements typically work: Consultation with an Attorney: If you are injured due to someone else's negligence, the first step is to consult with a personal injury attorney. They can assess your case, help you understand your rights, and guide you through the legal process. Investigation and Gathering Evidence: Your attorney will investigate the circumstances surrounding your injury. This may involve collecting evidence, such as accident reports, witness statements, medical records, and other relevant documentation, to build a strong case. Determining Liability: To succeed in a personal injury claim, your attorney will need to est...
Read more