Williamson & Williams - Attorneys at Law - Media, PA

  • Welcome
  • Attorneys
  • Practice Areas
    • Real Estate
    • Short Sale or Deed in Lieu of Execution
    • Mortgage Loan Modification
    • Mortgage Problems
    • Mortgage Foreclosure Defense
    • Business Law
      • Incorporation or Organization as a Limited Liability Corporation (LLC)
      • Business Succession
      • Mergers and Acquisitions
      • Business Counseling & Advice
      • Contracts & Commercial Transactions
      • Business Litigation Representing Plaintiffs and Defendants
    • Construction Law
    • Credit Card & Other Debt Collection Defense
    • Bankruptcy
      • Bankruptcy FAQ’s
      • What is Bankruptcy and What It Can do for You
      • Is Bankruptcy the Right Solution?
      • What is the Automatic Stay and How Does it Protect You from Your Creditors?
      • What is the Property of the Estate and Who is the Trustee?
      • What are Exemptions and How do they Help You to Keep Your Property?
      • What are Debt and Creditor Classes?
      • Chapter 7 Bankruptcy
      • Chapter 13 Bankruptcy
    • Wills, Living Wills, Powers of Attorney, Estate Administration
      • Why You Need a Will
      • Wills & Estate Planning
      • Will Probate and Estate Administration
      • Durable Power of Attorney
      • Living Will – Health Care Power of Attorney
  • Resources
  • Terms and Conditions
  • Privacy Policy
Home » Durable Power of Attorney

Durable Power of Attorney

A Durable Power of Attorney appoints another responsible person to act for you in your personal and financial affairs, except for matters covered by your Living Will and Health Care Power of Attorney,   Depending on your situation, it can become immediately effective or become effective only in the event of your incapacity due to illness or an accident.

A Power of Attorney is revocable by you at any time before that incapacity.  This means you can change your mind about your agent or any other provision of the Durable Power of Attorney before you are incapacitated by having a new Durable of Attorney prepared.

For those who do not currently need help with their finances and other affairs of life, the Power of Attorney should generally take effect only upon incapacity. For those already needing help managing their affairs, one that becomes immediately effective may be advisable.

With a Power of Attorney, you name an Agent and list the powers that person will have to conduct business for you. What makes it a Durable Power of Attorney is a provision that says it will remain in effect or become effective in the event of your incapacity, such as from an accident or illness.  Note that, if the Agent is not an ancestor, spouse or descendant of the Principal, the Power of Attorney must expressly provide for the non-familial Agent to exercise power on the Principal’s behalf.

 

Agency under a Power of Attorney

An agent named in a Durable Power of Attorney must act with due care and in good faith while exeerting its powers for the benefit of the Principal during the time the Power of Attorney is in effect.  A Principal may be grant the following powers, among others, to their Agent:

  • Pay bills
  • Recover payment for debts owed to the Principal
  • Prepare and sign a tax return
  • Purchase and sell real property
  • Purchase and sell tangle person property
  • Transact banking, stock transaction, securities, or retirement fund business
  • Make gifts
  • Exercise fiduciary powers which the Principal has the power to delegate
  • Arrange admission to a medical, nursing, residential, or other facility

 

You can also include a provision asking the Court to appoint your Agent as Guardian of your person and estate in the event of your permanent incapacity. A Durable Power of Attorney is only effective during your life, which is why you also need a Will .

Call today to make an appointment to have us draft a Durable Power of Attorney, Living Will, Health Care Power of Attorney and Will.

Search

Contact Information:

323 E. Front Street
Media, Pennsylvania 19063

(610) 565-8909

Office hours by appointment

Practice Areas

  • Real Estate
  • Short Sale or Deed in Lieu of Execution
  • Mortgage Problems
  • Mortgage Loan Modification
  • Mortgage Foreclosure Defense
  • Business Law
    • Incorporation or Organization as a Limited Liability Corporation (LLC)
    • Business Succession
    • Mergers and Acquisitions
    • Business Counseling & Advice
    • Contracts & Commercial Transactions
    • Business Litigation Representing Plaintiffs and Defendants
  • Construction Law
  • Bankruptcy
    • Bankruptcy FAQ’s
      • Bankruptcy – What it is and What it can do for You
      • What is the Automatic Stay and How Does it Protect You from Your Creditors?
      • Is Bankruptcy the Right Solution?
      • What are Exemptions and How do they Help You to Keep Your Property?
      • What is Property of the Estate”?
      • What are Debt and Creditor Classes?
    • Chapter 7 Bankruptcy
    • Chapter 13 Bankruptcy
  • Consumer Debt
  • Credit Card & Other Debt Collection Defense
  • Wills, Living Wills, Powers of Attorney, Estate Administration
    • Why You Need a Will
    • Wills & Estate Planning
    • Will Probate and Estate Administration
    • Durable Power of Attorney
    • Living Will – Health Care Power of Attorney
  • Welcome
  • Terms and Conditions
  • Privacy Policy

Williamson & Williams, PLLC is a debt relief agency. We help people and businesses file for relief under the Bankruptcy Act.

The material on this website has been prepared by Williamson & Williams, PLLC, for informational purposes only.

This material does not constitute legal advice and does not create any attorney-client relationship between you and Williamson & Williams, PLLC.

© 2009–2021 Williamson & Williams PLLC