Kentucky Power of Attorney
Is your estate plan complete with Kentucky powers of attorney for finances and health? Durable powers of attorney are important documents to include next to your will and trust papers. A Kentucky durable financial power of attorney allows someone you choose to take over your finances if an accident should ever leave you mentally unable to. Your Kentucky durable medical power of attorney would allow someone to immediately step in and start making health care decisions for you.
A durable power of attorney, often called a springing durable power of attorney, only goes into effect when a doctor declares you mentally unfit to make sound decisions. These are documents you hope you never have to use, but could be real life savers if you ever need to. If an accident happened that left you mentally out of it for a few days someone would be there taking care of things without court interference. When you are mentally incapable of making decisions is not the time to find out your forms are filled out incorrectly, you may want your Kentucky estate planning attorney to prepare these for you, just to be sure.
Normal powers of attorney are quite different and mistakes can easily be corrected if needed. Kentucky power of attorney forms are available at Legal Zoom any time, day or night. A lawyer is not usually needed to fill these out and file them as long as you use the correct form.
The person you assign power to in Kentucky is called an attorney-in-fact. Your attorney-in-fact can be your spouse or anyone else that you trust to handle the tasks and powers you are giving them. Keep in mind that if you get a divorce in Kentucky your powers of attorney stay in effect, so if your spouse is named on the form you may want to change it. It is also a good idea to have an alternate attorney-in-fact in case your first choice cannot be found. When this happens your power of attorney becomes void.
Normal powers of attorney grant certain powers to the appointed attorney-in-fact. The range of power is determined by the type of power of attorney used. A general power of attorney allows a person to take over just about every aspect of your life. This may be just what you need when planning a long trip, knowing someone at home has legal rights to take care of any matter that might come up. This person could open your mail, deposit your checks, pay your bills and many other duties that you would not be able to do.
Another type of power of attorney frequently used is called a special power of attorney, or possibly specific or limited. An example would be an auto power of attorney, allowing an individual to sign a title for you. Another example would be a real estate power of attorney, allowing another person to close a property deal for you. Kentucky special powers of attorney can be used for many different purposes, and they are always very specific in the power you are granting another person.
Kentucky power of attorney documents are versatile and handy once you get to know them and become accustomed to their amazing abilities.
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