Power of attorney lawyer Washington DC

Power of attorney (POA) also known as letter of authority is a legal document granting the power of attorney to a specific person or persons. The power of attorney is legal authorization for a specifically named person or persons or company such as S. Liberman power of attorney lawyer Washington DC (the agent/s) to act on behalf of, or represent the interests of another person (the grantor), in private, business, or legal affairs.

Power of attorney may be limited to a particular activity or it may be more broad ranging in its application. The power of attorney may be temporary or permanent and will typically involve the designated person/s, such as S. Liberman power of attorney lawyer Washington DC making decisions about another persons’ property, finances, or medical care.

Power of attorney may be immediate or it may be contingent upon a certain occurrence in the future.  Typically, the future occurrence will be the grantor becoming incapacitated due to physical or mental disability, and unable to act for his or her self.

When invoking the power of attorney an agent like S. Liberman power of attorney lawyer Washington DC must in most cases present proof of power of attorney. For example, before the person with power of attorney (the agent) can buy or sell property on behalf of the grantor, he or she must present proof of power of attorney to the title company. Similarly, proof of power of attorney must be presented when an agent is selling a car, selling securities or opening or closing a bank account on behalf of the grantor.

Why grant power of attorney.
Convenience: One reason people grant power of attorney to another person like S. Liberman power of attorney lawyer Washington DC is because of convenience. For example, when power of attorney is given, an individual does not have to appear in person to buy or sell assets. Instead, the entire process can be conducted by the person with power of attorney, which is convenient for the grantor.

Preparation: Another common reason people grant power of attorney to individuals like S. Liberman power of attorney lawyer Washington DC is because they are preparing for situations where they are incapacitated and unable to act on their own behalf.

Being proactive: One common reason people grant power of attorney is because they are being pro-active. People will grant power of attorney to an individual like S. Liberman power of attorney lawyer Washington DC because they know the alternative is to have the court appoint power of attorney.

The majority of people do not want their affairs to be a matter of public scrutiny which is exactly what happens when the court appoints power of attorney for you. To avoid having power of attorney imposed by the court, people become proactive and designate power of attorney to someone they trust like S. Liberman power of attorney lawyer Washington DC.

Freedom of choice and defining limitations. A crucial factor to consider is that by appointing power of attorney yourself, you are exercising your freedom of choice. Secondly, when you have a trusted attorney like S. Liberman power of attorney lawyer Washington DC draw up the power of attorney document you can define the limitations of that power.

Who should you grant power of attorney to? 
Deciding who to grant power of attorney can be a complicated and stressful process. Many people choose their spouse or one of their children. An attorney like S. Liberman power of attorney lawyer Washington DC can advise you who to choose and what criteria to base your choice upon.