Are Powers Of Attorney Necessary?
Having a power of attorney (POA) in place, whether it’s for a medical necessity or financial safeguard, can offer you and your family peace of mind in case of emergencies and more. Depending on the type of POA you opt for, the designated agent will have the ability to execute your wishes under specific circumstances or should you become incapacitated.
An important aspect of planning your estate is establishing a POA, it’s simply another precautionary step you can take to protect your loved ones. Together with the attorneys of Silverman, Tokarsky & Forman, L.L.C., you can discuss the different types of POAs and see which is best for you, call today.
Which POA Is Best For Me?
Although you can draft your own POA or find a fill-in-the-blank template online, enlisting the help of an attorney will ensure that your POA is tailored to your needs and that it complies with Pennsylvania’s laws. The five types available to you are as follows:
General/nondurable power of attorney — only in effect for a period of time
Durable power of attorney — if designator becomes incompetent, designee takes control
Springing power of attorney –— only goes into effect when specific events occur
Special power of attorney — pertains to financial matters
Medical power of attorney — make medical decisions for incapacitated designator
Choosing the right POA depends entirely on what you intend to prepare for and retaining a lawyer in this situation can help you determine this and other factors.
How Can I Get Started?
Whether you need someone to make a one-time transaction on your behalf while you are unavailable or are just preparing for the future, a POA can allow for a seamless transfer of decision-making power. To get started on drafting your POA today, speak to an attorney at Silverman, Tokarsky & Forman, L.L.C. Call or use our online form to request your consultation at our Johnstown, Somerset or Windber locations today.