What Is Power of Attorney?
A power of attorney is a legal document that allows another person to decide and act on your behalf. It gives the person the authority to make financial or medical decisions if you become disabled and can’t make choices for yourself. A power of attorney allows someone to manage affairs when you are no longer able to or wish to delegate your estate plan to someone else for other reasons. The Law Office of Steve Ortega, PLLC, can help you with a Power of Attorney.
A Power of Attorney covers anything related to but not limited to:
• Real Estate Transactions
• Financial Decisions
• Gifts
• Asset Management
• Medical and Healthcare Decisions
• Guardianship
Types of Power of Attorney in Texas:
• Limited Power of Attorney-
The allowed person can handle only a specific or time-sensitive matter.
• General Power of Attorney-
The allowed person has authority to act on a wide range of matters. If the principal becomes disabled or incapacitated, a power of attorney ends.
• Durable Power of Attorney-
Allows the same guidelines as a general power of attorney, but if the principal becomes disabled or incapacitated, a power of attorney continues.
• Springing Power of Attorney-
The allowed agent has authority only when the principal becomes incapacitated.
• Medical Power of Attorney-
The allowed person has the authority to make medical decisions for the principal if they cannot make decisions for themselves.
Ways to Obtain Power of Attorney Include:
• The parent is of Sound Mind
• Living Will
• Conservatorship
Contact The Law Office of Steve Ortega, PLLC, to help you with a Power of Attorney.
