Uncategorized

Home » Uncategorized » Power of Attorney

Clermont estate planning attorney

Power of Attorney

Power of attorney is a particularly important and useful estate planning tool. It enables the settlor to bestow powers of attorney on another person in order to manage his financial affairs. There is also a specialized form, called durable power of attorney. If you are considering either it is important that you consult an experienced Clermont estate planning attorney.

What Is a Power of Attorney?
A power of attorney includes two main individuals—the grantor, who creates the power of attorney, and the agent or attorney-in-fact, who is granted power over the grantor’s financial and other affairs. The breadth and scope of these powers is entirely up to the person who is granting the powers. The person may want only his financial affairs handled. He might grant power of attorney for only one thing, such as the sale of a house or the raising of his children should something happen.

A Clermont estate planning attorney will tell you that, because of the amount of power that is being placed in the hands of the agent, it is important to choose the person wisely. Make sure it is a friend you trust implicitly, or a close relative who does not have a conflict of interest.

Durable Power of Attorney
You may also want to grant the power to make decision about your health should you become incapacitated. This is called the durable provision, and it remains in effect either until you die or get better. Your Clermont estate planning lawyer will discuss with you whether the durable provision will be useful in your situation.

What Are the Responsibilities of the Agent? Do They End?
An agent is expected to act in the best interests of the grantor in all decisions that he makes. He should keep a detailed account of all transactions, and in all ways behave in a transparent way. It is important to note that the powers of attorney granted end upon the death of the grantor.

A Clermont Estate Planning Lawyer Can Help with Questions
If you are interested in learning more about power of attorney, call a Clermont estate planning attorney today. Call Merideth Nagel, P.A., Attorney at Law, at 352-404-4634. Toll Free: 877-580-6868.

 

CASE EVALUATION FORM


  • Please leave this field empty.
  • captcha
  •  I have read the disclaimer.
  • Press Esc to close

Serving West Orange County, Lake County, Sumter County & Marion County

  • TESTIMONIALS

    The more I get to know her the more convinced I am that she is the right attorney for me. The compassion and integrity I have seen is quite remarkable and I highly recommend you use her office to service… ~ Kelly,

  • TESTIMONIALS

    Ms. Nagel represented my wife and I in a bankruptcy case and also in a recent real estate transaction. I felt compelled to share our experience. Ms Nagel and all of her staff handled everything in a very professional matter… ~ Mike,

  • TESTIMONIALS

    Merideth Nagel has been a help to me, over the last 10 years, for multiple legal issues! As her client, and as a realtor who utilizes her real estate and title services, Merideth, along with her phenomenal staff, has afforded… ~ Tiki Jackson,

  • TESTIMONIALS

    “If it weren't for Merideth Nagel and her top-notch team of seasoned professionals, I shudder to think where my family would be today. At this firm, you are not a name, a face, a case number, or a quagmire. You… ~ Heather, Clermont

  • TESTIMONIALS

    “Merideth and her team have been a real blessing to me over the years! She helped me with real estate several times and estate planning. I can recommend her with full confidence!” ~ Nancy, Orlando

  • TESTIMONIALS

    “We utilized Nagel Law to assist us with a real estate transaction a little over a year ago. Merideth and her entire staff treated us with the utmost professionalism as well as eased our minds pertaining to this transaction. We… ~ Lynette, Orlando