Durham Limited Power of Attorney
Making Sure Your Loved Ones Are Protected
In the event that you become incapacitated or are no longer able to handle your affairs, you can rest assured knowing that your family will be protected. By creating a limited power of attorney, you can give someone you trust the ability to make important decisions on your behalf while you are unable to do so. With a limited power of attorney, your loved ones will be protected from the financial and legal consequences of your illness or injury.
What Is a Limited Power of Attorney?
A limited power of attorney is a legal document that gives another person the ability to make decisions on your behalf. This document only gives the person named in the document the ability to make certain decisions. For example, if you are named as the "agent," you can only make financial decisions on behalf of the "principal." This means that you cannot make medical decisions or decisions about the principal's personal life.
Why Is It Useful?
A limited power of attorney can be used for a number of different reasons. For example, if you are planning a long trip, you may want to give someone you trust the ability to make financial decisions on your behalf. This would allow you to go about your vacation without worrying about your bank account. If you become incapacitated for any reason, you can give someone the ability to make important decisions about your care and finances.
By creating a limited power of attorney, you can rest assured knowing that your family will be protected if anything were to happen to you.
When to Use a Limited Power of Attorney
A limited power of attorney is an incredibly useful document that can be used for a many different reasons. However, it is important to note that this document is not the same as a general power of attorney.
A general power of attorney allows you to give someone the ability to make all of your financial and legal decisions, whereas a limited power of attorney is much more specific, allowing the person named in the document to make specific decisions on your behalf.
The limited power of attorney can be used in a number of different situations, including:
- Planning a long trip
- Becoming incapacitated
- Financial planning
- Legal planning
- And more!
Why You Should Work With a Lawyer
Creating a limited power of attorney is a very important decision that should not be taken lightly. If you are incapacitated for any reason, the decisions made on your behalf could have a major impact on your family. It is important to work with a lawyer who can carefully craft a limited power of attorney that gives your family the protection they need.
At Walker Lambe, PLLC, we are committed to helping our clients protect their loved ones by creating limited powers of attorney in Durham, NC. Call (919) 493-8411 today to speak with a member of our team.
We're here with you through the long haul. When life changes arise, we'll be here to help you navigate those changes wisely and effectively.
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