More Than 50 Combined Years Of Experience Serving The People Of Ohio

Knowledgeable Cleveland Powers Of Attorney Lawyer

Throughout the estate planning process, one of the most essential aspects is determining who is fit to assume the authority that comes with a power of attorney designation. Additionally, given the numerous different forms of powers of attorney, there are many things to consider when determining which option is best.

At the Miller Law Firm, we support Tennessee residents currently in the midst of the estate planning process, prepare for the future and select an individual to be their power of attorney. Our attorneys have vast experience when it comes to estate planning and are prepared to help clients protect their health care preferences and financial decisions.

What Are The Different Types Of Powers Of Attorney Available In Tennessee?

In Tennessee, there are a variety of options available for residents who are considering establishing a power of attorney. One of the most common forms is a general power of attorney, which provides an individual, known as the agent, with permission to make legal or financial decisions for the applicant or principal.

Another option to consider is a durable power of attorney. This type of power of attorney differs from the rest as it gives the agent power to make decisions regardless of whether the principal is incapacitated.

When the principal would like to constrain the agent’s decision-making authority to only medical choices, they may want to file for a health care power of attorney. Individuals establishing a health care power of attorney should discuss their medical treatment preferences before finalizing this directive.

Tennessee residents may want to file for a limited power of attorney to further restrict the agent’s authority. This directive can place a time limit on the agent’s ability to make decisions or constrain the scope of their power.

The final alternative is a springing power of attorney, valid only when specific events arise. The most common time for a springing power of attorney to go into effect is when the principal is incapacitated.

What Should I Consider When Choosing An Agent For My Power Of Attorney?

When Tennessee residents think about their future and the possibility of becoming incapacitated, it is crucial to have trustworthy people around. Beyond trustworthiness, individuals should be sure to pick someone who is financially responsible. Additionally, the prospective agent should know the medical wishes of the principal and be readily available in case they are needed. Lastly, Tennessee residents must consider whether appointing a loved one or hiring an estate planning attorney is the best option for their unique situation.

Can I Revoke Or Change My Power Of Attorney, And If So, How?

After establishing a power of attorney, the principal can revoke or change the directive at any time as long as they are not incapacitated. The first step is to alter or end a power of attorney directive is to write a revocation letter. Next, the letter must be notarized and given to all parties involved or aware of the power of attorney designation. Finally, the last step in the process is to erase all copies of the aforementioned power of attorney directive.

Helping Tennessee Residents Plan For The Unexpected

An estate plan is incomplete without choosing someone to be a power of attorney. To receive guidance with this important decision, be sure to reach out to an estate planning attorney at our local firm by calling our office at 423-464-6852 or filling out our contact form.