A power of attorney, or POA, is a legal document that allows you, known as the principal, to appoint a trusted individual, known as your agent or attorney-in-fact, to act on your behalf under specific circumstances. Types of POAs Limited…
The combination of tightened budgets and an abundance of readily available DIY estate planning software has led many to believe this might be a project they can tackle on the their own. Although experts generally agree there are a very…
Perhaps you have heard of a power of attorney, but are not entirely sure what it is and whether you need one. A power of attorney allows you to legally designate another person as your agent, (also known as a…
A Power of Attorney is a legal document which allows you to designate a person to conduct your business and financial affairs for you in the event you become incapacitated. If you were to become temporarily or permanently incapacitated, the…
Most people have at least heard of a power of attorney, or POA, before. As the name implies, a POA is a document that gives another person the power to act as your attorney – even if they are not…
While we at Northern Virginia Trusts & Estates do not offer adult guardianships as part of our legal services, it is a topic worth learning about especially as it compares to guardianship considerations when minor children are involved. Legal guardians…
If you or a loved one is sick or ailing, who will take care of your affairs? Who will take care of the financial obligations such as paying the mortgage or your children’s tuition? Making plans for handling these important…
A power of attorney is a document that gives one person the legal authorization to make decisions on someone else’s behalf. This power extends to many different business and legal matters. By executing a power of attorney, the grantor (sometimes called a donor or principal) is authorizing his or her agent to assume these legal powers. Institutions such as banks, hospitals, and the IRS require that power of attorney be done in writing.