Why You Need A Power Of Attorney In Las Vegas
A power of attorney protects you and your estate if you cannot make important decisions. But first, you should understand what a power of attorney is and how to get a power of attorney in Las Vegas. We’ll explain it all below, and then you can bring further questions to the estate planning attorneys at Williams Starbuck.
What Is A Power Of Attorney?
Your power of attorney (POA) is a legal document that appoints someone to oversee your affairs if you become incapacitated or unreachable. This agent is your attorney-in-fact and can make financial or medical decisions on your behalf. Your POA spells out the extent of their authority and when it goes into effect, such as immediately upon completion or only if you become incapacitated by illness or age. Your POA expires when you die.
Why You Need A Power Of Attorney In Las Vegas
It can be difficult to imagine a time when you would need a power of attorney in Las Vegas while you’re healthy and of sound mind. But estate planning is essential in all seasons of life. Anyone 18 and older can benefit from creating a POA in several ways.
- Your family members won’t have to guess what you want when you can’t make vital decisions yourself. With a POA in place, your attorney-in-fact is responsible for making decisions for you within the document’s terms.
- It can protect your family financially. Your attorney-in-fact can also distribute funds in your name to care for family members, so you and they don’t have to worry about their upkeep.
- It can protect your attorney-in-fact too. Your family may not always agree with your POA or attorney-in-fact. But as long as they act in accordance with your POA and your best interests, your agent won’t suffer from claims of financial abuse.
- You’ll have extra protection for your assets. A second person who can handle your financial affairs can be helpful in an emergency. They can take action to protect your business operations, real estate, investments, or bank accounts for you when you are unable to.
- You’ll enjoy more peace of mind when you travel. If you travel overseas a lot, you might find it beneficial to establish a power of attorney so your agent can handle your financial affairs in your absence.
How To Get A Power Of Attorney In Las Vegas
When you want to create a power of attorney in Las Vegas, the process will go smoother if you hire experienced estate planning attorneys like Williams Starbuck. They can walk you through all the steps of how to get a power of attorney in Las Vegas and help you write the terms of your POA to fit your needs.
Once you find an attorney to work with, you’ll need to
- Choose one or more trusted people to act as your attorney-in-fact.
- Work with your attorney to write the terms of your POA.
- Finalize and sign the POA document in the presence of a notary.
- Print and distribute copies to your attorney-in-fact and other relevant people.
- Store your own copies in a safe place.
- Give copies to financial institutions and government agencies where you have accounts or property listed in your POA.
Establish Your POA With The Experts At Williams Starbuck
When you’re ready to create a power of attorney, the estate planning attorneys at Williams Starbuck are here to help. Get started today by contacting us at 1-720-660-9847 to schedule a free consultation.