A Power of Attorney is a document that empowers another to act on your behalf usually in financial matters but can also authorize one to execute a contract or agreement for the person conferring the right. Most often times, this is provided to a trusted family member and used when the person giving the power is not available due to temporary incapacity or unavailability. It is not, however, a substitute for a will or trust and it “dies” with the person conveying it or when the person loses the mental ability to knowingly continue its authority or simply revokes it.
This is a brief description of these “decision documents” and not legal advice. If you would like to hear more information about these issues and be provided advice, consult with your attorney or make an appointment with us at The McLeod Firm.