Financial and other Powers of Attorney
Durable Powers of Attorney
A power of attorney is a document that allows a person, known as the “principal” to appoint another person, called the “agent” to manage their affairs and assets. A Power of Attorney can give the agent power over a wide range of matters, not just financial matters. It can be effective immediately or upon incapacitation. This document can be critical in the event you become unable to take care of your affairs and avoids the need for the Court to appoint a guardian and conservator.
Talk to us at Cotto Law Firm about the various powers you might need to assign to someone and when the powers should be effective.
Mental Health Powers of Attorney
A Mental Health Care Power of Attorney allows a person, known as the “principal” to designate an “agent” to make mental health and psychiatric care decisions, including admission to an inpatient psychiatric hospitalization program if the principal does not have the capacity to give informed consent.