A Power of Attorney is a document that is very convenient to have in a busy city such as San Diego. A Power of Attorney names an agent, someone that can act on your behalf if you are incapacitated or unable to act for yourself in certain situations. With the number of traffic accidents and other unexpected events, you never know when something may happen to you. Having a Power of Attorney in place ensures that someone can run your business or have access to your assets to pay your bills in the event of the unexpected.
There are generally two types of Powers of Attorney.
(1) A Limited Power of Attorney - this document gives a restricted set of powers to an agent (i.e. to sign your tax returns, or for someone to act on your behalf in a certain situation).
(2) A Durable Power of Attorney - this document grants very broad powers to your agent to buy and sell property, enter into agreement, and exercise any power that you would have yourself. This is called a "durable power" because it continues even if you are incapacitated. A durable power is valid until the death of the principal, or until it is revoked.
The Barger Law Group, APC. assists clients with Estate Planning, Trusts, Wills, Powers Of Attorney, Advance Directives, Business Services and Incorporation matters in San Diego, California, CA as well as La Jolla, Solana Beach and Rancho Santa Fe in San Diego County.