Power of Attorney Allows Another Person To Act For You

Power of attorney (POA) is a legal mechanism by which you can name another individual or corporate entity to act as your 'attorney in fact' or 'agent', or your legal representative in a -- or all -- matters of business, law and even healthcare.

Kinds of POA

There are many circumstances in which you might want to give someone the right to speak for you -- but clearly in most of them you wouldn't want to give that person the right to speak for you in all matters. That's what Arkansas recognizes a few different kinds of POA:

Uses of an Attorney In Fact “Agent” Under a Durable Power of Attorney

Having a Durable Power of Attorney in place is a vital piece of any comprehensive estate plan. Your agent can have very limited roles or very comprehensive roles in dealing with your business and financial decisions, for example:

HEALTH CARE POWER OF ATTORNEY IS AN ESSENTIAL PART OF YOUR OVERALL ESTATE PLAN

It is critical that you name a healthcare proxy (agent) as a part of your overall estate plan. Your healthcare proxy (agent) must be someone that you trust completely, and in fact this person you name is being trusted to make life and death decisions for you! When does your healthcare proxy (agent) make decisions for you? Typically in the following situations:

Otherwise, you remain responsible for your own health care decisions.

There are innumerable reasons why you might want to use the Power of Attorney statutes to name someone else to act on your behalf -- if you think you might have good reason to do so, call Schmidt Law Firm at 888-459-3077 and talk to an experienced lawyer about how using power of attorney can benefit you. Want to learn more about our firm then click here now.

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