Powers of Attorney

POWERS OF ATTORNEY

Everyone is at risk of becoming incapacitated and not being able to manage his or her financial affairs.  A power of attorney or POA allows a person, usually referred to as a principal, to name someone to manage his or her affairs.

1.         “Durable” Power

To provide for a potential disability, a person executes a durable power of attorney.  A durable power of attorney has language that causes it to continue in effect even when the principal becomes disabled.  Also, under Texas and most other states’ laws, a notary public must acknowledge the principal’s signature.  The usual POA is no longer effective when the principal becomes disabled. Read More...