A power of attorney is a legal document that allows you to appoint another individual, known as the agent, to act on your behalf should you become incapacitated or otherwise unable to handle your affairs. During the creation of this legal relationship, you are able to choose the agent and specify the powers that they are granted. A power of attorney may be considered to be "durable," meaning that it will still be effective even if you become mentally incapacitated, or "general."
A general power of attorney can be beneficial for those who:
The State of Virginia requires that you are at least 18 years of age and of sound mind. In other words, you must be capable of understanding what you are doing and the powers you are granting to the appointed agent. If you later decide to revoke the power of attorney and terminate the agent's powers, you will be allowed to do so, as long as you are considered to be mentally competent at the time.
A power of attorney can be a very useful tool to have at your disposal, and gives you a great deal of flexibility over the specific terms and powers granted. At Johnson, Gasink & Baxter, LLP, our Virginia estate planning and probate lawyers can help you better understand what a power of attorney is and whether or not it is a good option for your situation. We can then assist with the creation of a detailed and legally sound document that satisfies your requirements and provides you and your loved ones with peace of mind.