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 & Schniederjan Law Office, P.A. has drafted thousands of powers of attorney over the course of more than 35 years.