Powers of attorney are documents that convey legal authority for one person or organization (agent) to act in the name of another person when making decisions. These documents can be highly useful for individuals and business owners. If an illness, chaotic schedule, extensive travel or other circumstances make it difficult for you to make informed decisions about issues that affect your life, you can grant power of attorney to someone you trust so they can act on your behalf. At the Monceaux Law Firm, I guide clients in Texas through the process of authorizing an agent, and I carefully draft powers of attorney that meet my clients’ specific needs.
Granting power of attorney to a trusted agent can ensure that important matters are handled carefully when you cannot tend to them yourself. Generally speaking, powers of attorney address three main areas of concern:
At the Monceaux Law Firm, I work to prepare documents that address each client’s specific needs and concerns.
A power of attorney can grant broad authority or be limited in scope. While a limited power of attorney can give an agent authority to act in your stead for only a very specific period of time or to fulfill a specific task, a general power of attorney can transfer all of your authority to another party. I draft all types of powers of attorney. I can collaborate closely with you and your chosen agent(s) to evaluate each area where power of attorney is advisable.
Having someone to handle your personal finances in the event of your incapacity can help ensure that your property is cared for and your bills are covered. You can grant someone power of attorney to manage the financial assets you select, including your bank accounts, stocks, bonds and royalties. Older adults who are forgetful or susceptible to being taken advantage of can also benefit from a loved one overseeing their bank accounts.
It is prudent for small business owners and individuals involved in litigation to select a trusted representative to act in their place. In case you have to step away from day-to-day management of your business or legal matters, the person with power of attorney can continue to look out for your best interests. At the Monceaux Law Firm, I can work closely with you and your representative to evaluate each area where power of attorney is advisable.
A carefully drafted power of attorney can give you and your loved ones or business partners greater peace of mind in the event that you are unable to make decisions for yourself. Call the Monceaux Law Firm at 214-706-0852 or contact me online to schedule a consultation at my Dallas office.