A power of attorney is a document that authorizes someone called the “attorney-in-fact” to make financial decisions on behalf of someone else. Powers of attorney are frequently used to plan for situations in which the power-maker is unable to act. For instance, if someone had a stroke and was unable to communicate, a power of attorney would allow the “attorney-in-fact” to pay the person’s bills and expenses. This kind of power of attorney, one that is effective when the power-giver is incapacitated, is called a “durable power of attorney.”
Powers of Attorney are very powerful documents that can have complex legal consequences. Trojack Law Office, P.A. has drafted thousands of powers of attorney over the course of more than 35 years.