Wills And Powers Of Attorney In Hampton Roads

A Power of Attorney is a legal directive that grants an individual of your choosing the authority to act on your behalf in financial, legal, and medical decisions. The person you designate is commonly known as an "agent" or "attorney-in-fact" and can be empowered to manage a wide array of tasks. These may include paying bills, steering investments, making healthcare choices, or conducting other personal business.

It is important to note that a Power of Attorney only goes into effect when the person who created it is still alive and mentally competent. It ceases to have any power upon the individual's death.

There are several types of Power of Attorney, each with its own set of specific duties and limitations. The most common types include General, Limited, Durable, and Springing Power of Attorney.

A General Power of Attorney gives your designated agent broad powers to handle your affairs in all areas, including financial, legal, and medical decisions. This type is typically used for short-term situations or when someone is unable to manage their own affairs due to physical incapacitation.