Virginia Power of Attorney
Do you know who would take care of making medical decisions for you if an accident left you mentally incapacitated? Would someone be able to pay your bills and transfer funds for you? With a Virginia power of attorney you would know exactly how these matters would be handled.
Durable powers of attorney are meant to stay effective and take care of you if you are ever unable to. There are two different ones your Virginia estate planning attorney would like to see in your estate plan. One of these is a Virginia durable medical power of attorney and the other is a durable financial power of attorney.
These two durable powers of attorney would allow the person you have appointed to take care of all your financial needs and make medical decisions for you. The person you grant these powers to is called an attorney-in-fact. Your attorney-in-fact can be your spouse, a friend or another family member.
You may think your spouse would already have the authority to do all these things without a power of attorney, this is not always the case. These two simple documents give you the assurance your spouse will be the one in charge and that any financial arrangements can be taken care of. It is possible, if you prefer, to make these documents effective only when a doctor declares you mentally incompetent. This would be called a springing durable power of attorney.
Nondurable powers of attorney are useful tools also. These are sometimes called normal powers of attorney and are automatically void if you ever loose your mental capacities. A general nondurable power of attorney is used for granting a wide range of powers. The special powers of attorney are used for granting limited powers.
Special powers of attorney have many different uses. A vehicle power of attorney can be used for selling a car when you are not able to be there to sign the title. A property power of attorney can be used to sell real estate and a power of attorney for children can give a day care provider the power to authorize medical attention for your kids.
Virginia power of attorney forms can be found at Legal Zoom and are easy enough to fill out you should not need the help of an attorney. Keep in mind that you need to make sure your durable powers of attorney are created correctly. You cannot create a power of attorney if you are mentally incapacitated and that is when you would use these. You would not be able to correct a mistake.
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