123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Legal >> View Article

Power Of Attorney: Most Popular Estate Planning Instrument

By Expert Author: Jonathan McArthur

Wherever a person goes for estate planning, he has an option of two main instruments- a will and a power of attorney. Most maximum number of people, power of attorney is an extremely useful, most sought after and popular instrument among the two.

Wherever a person goes for estate planning, he has an option of two main instruments- a will and a power of attorney. Most maximum number of people, power of attorney is an extremely useful, most sought after and popular instrument among the two. This has become more or less a part of many businesses and therefore we would discuss about the power of attorney in detail here.

In very simple words, power of attorney is a right you give to someone to act financially in your place due to any reason, while you are alive. There might be several reasons for creating a power of attorney. Let us have a look at some of these reasons:

A person has become incapacitated

In case a person has become laid up due to any reason, be it an injury or illness or any other reason, he/she can create a power of attorney and give a right to someone else to act financially in his/her place.

A person wants to be free of responsibility

This usually happens in family businesses. Most of the aging people, prepare a power of attorney in the names of their children to carry out the business. In a way, it is good because you don’t need to worry about most of the things and your business can flourish as well.

Now, power of attorney can be prepared with ease if you have a good estate planning attorney. Though you can easily find an estate planning lawyer, but it is very important to have a trusted and professional attorney for this task. We can be your personal Sacramento Estate Planning Attorney and can help you in discussing and guiding vital details.

Power of attorney can be either limited or general. In a limited power of attorney, as the name would suggest, you can give the power of taking crucial financial decisions to someone till the time you are out of place. In limited power of attorney, the designated person can also sign cheques on your behalf. On the other hand, general power of attorney is a wide term that includes everything. It includes all the powers and rights that you have yourself. These rights and power can be vested to the other person.

While preparing the power of attorney, you need to be very cautious simply because it is a crucial part of your estate planning and there are rising number of crimes in this regard. It is here that you need a law firm that can provide you professional and experienced estate planning attorney.

The estate planning lawyer can prepare the power of attorney with you and explain you everything about it. If you need a Sacramento Estate Planning Law Firm, then you are absolutely at the right place. We can help you in all ways and can provide you the best solutions for estate planning. Your personal lawyer for estate planning can guide you in deciding the terms and conditions and laying emphasis on certain rules and regulations.
Resource: http://www.sacramentowillandtrust.com/

Total Views: 80Word Count: 540See All articles From Author

Legal Articles

1. Car Accident Attorney – Why Are They Important?
Author: krinomid

2. 7 Crucial Things To Know Before Finding A Personal Injury Lawyer Or Attorney In Plano, Texas
Author: Nick Feizy

3. Auto Accident Attorney – Tips To Get The Help You Need
Author: benmartek

4. Injured In A Slip And Fall - When To A Hire A Lawyer?
Author: chrissamola

5. Guidelines To Choosing The Best Law Firm For Your Business
Author: Charles Silver

6. Personal Injury Law Firms - Getting The Right Slip And Fall Lawyer
Author: adamchrly

7. Basic Need To Knows For Slip And Fall Lawyers
Author: treynoralan

8. The Sydney Family Law Mediation Can Help To Resolve Disputes In A Friendly Manner
Author: jameskarteeen

9. Truck Accident Attorney – Top 5 Things To Look For
Author: chrisalegry

10. Seat Belt Injury Law - What You Need To Know
Author: hurlebrent

11. Third Party Negligence- Hire A Personal Injury Law Firm
Author: adamchrly

12. Jefell123
Author: Mark Joshes is the author of this Article.

13. How To Get Effective Legal Compensation For Ivc Filter Injury Case In Texas?
Author: Nick Feizy

14. Why Hiring A Wrongful Death Lawyer Is Very Important
Author: adamchrly

15. Top Orange California Personal Injury Lawyer Announcing New Office Location And Free Case Evaluation
Author: 1888PressRelease


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: