Powers of Attorney

When you’re facing a serious illness, planning for the future, or simply want to ensure your affairs are properly managed, establishing powers of attorney is one of the most important legal steps you can take. At Eatmon Law Firm, PC, we help clients in Wake Forest, Durham, Franklin, and Granville Counties create comprehensive power of attorney documents that protect their interests and provide peace of mind.

What is a Power of Attorney?

A power of attorney is a legal document that allows you (the “principal”) to designate another person (the “agent” or “attorney-in-fact”) to make decisions and take actions on your behalf. This arrangement ensures that someone you trust can handle your affairs if you become unable to do so yourself, whether due to illness, injury, or other circumstances.

Types of Powers of Attorney

Financial Power of Attorney grants your agent the authority to manage your financial affairs, including paying bills, managing bank accounts, filing taxes, and making investment decisions. This document can be immediate or “springing,” meaning it only becomes effective if you become incapacitated.

Healthcare Power of Attorney allows your designated agent to make medical decisions on your behalf when you cannot communicate your wishes. This includes decisions about treatment options, medical procedures, and end-of-life care.

Limited Power of Attorney restricts your agent’s authority to specific tasks or time periods, such as selling a particular piece of property while you’re out of state.

Why You Need a Power of Attorney

Without proper power of attorney documents in place, your loved ones may face significant challenges if you become incapacitated. They might need to petition the court for guardianship or conservatorship, which is time-consuming, expensive, and emotionally difficult during an already stressful time.

Powers of attorney provide several key benefits:

Ensure your affairs continue to be managed according to your wishes
Avoid the need for court-appointed guardianship
Provide immediate access to your accounts and assets when needed
Allow you to choose who makes decisions rather than leaving it to the courts

Choosing Your Agent

Selecting the right person to serve as your agent is crucial. Your agent should be someone you trust completely, who understands your values and wishes, and who is capable of handling the responsibilities involved. Consider choosing someone who is organized, financially responsible, and able to make difficult decisions under pressure.

Creating Effective Powers of Attorney

North Carolina has specific requirements for valid powers of attorney documents. Our experienced attorneys at Eatmon Law Firm, PC ensure your documents comply with state law and accurately reflect your intentions. We take time to understand your unique situation and goals, helping you create comprehensive documents that provide the protection you need.