A Virginia power of attorney (POA) can give an agent broad control over financial and legal matters. That power, however, has clear limits. Some actions need specific authority in the POA, while other decisions stay with the principal. The agent must also follow the document...
A power of attorney is a legal document that allows someone, known as an agent, to act (legally) on another person’s behalf. The person creating the document is known as the principal. Yet, power of attorney authority varies greatly. It can be very limited, but...
Many people who are creating an estate plan may focus heavily on what’s going to happen to their assets when they pass away. While that’s important, they should also think about who’s going to take care of their affairs if they become incapacitated. One decision...
Many couples remain in long-term committed relationships for decades – often until one of them passes away. Too often, a time of grief turns into one of financial uncertainty or crisis if the deceased partner didn’t create an estate plan – even a simple will....
A power of attorney (POA) is a powerful legal document that grants someone else the authority to make decisions on your behalf. But what happens if this document isn't notarized? While notarization is not necessarily required for a POA, it plays an important role in...
We never know what will happen in the next minute, hour or day. We have a good idea of how things will progress, but there’s always the unpredictability of the unknown. We assign a power of attorney (POA) to a trusted individual because we know...
Powers of attorney (POAs) are frequently considered essential parts of estate planning, and seniors often use them so that someone is in place to make medical and/or financial decisions on their behalf if they’re no longer able to do so. However, there is more than...
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