Have you ever thought of what would happen to you and your business in case you ever became incapacitated? Granted that most of us don’t want to think of such eventualities, such things happen and it’s better to be prepared.
A power of attorney is a legal document that gives one person, known as an agent, the power to act on behalf of another, known as the principal. There are various Powers of Attorney:
· Healthcare Power of Attorney
· Financial Power of Attorney
· Durable Power of Attorney
· General Power of Attorney
· Limited/Specific Power of Attorney
Our comprehensive guide takes you through all these documents and outlines the circumstances where you may need one over the other. We also outline the benefits of having a POA as well as how to draft one, how to choose an agent/attorney-in-fact and some of the pitfalls to avoid.