Power of Attorney Lawyer in Waco
Helping Prepare for the Future
A power of attorney (POA) is a document that gives another person of your choosing the legal right to manage your affairs. The person given this power is referred to as the agent or attorney-in-fact. Whether you are preparing to spend extended time outside of the country, safeguarding in the event of incapacitation, or settling into retirement, a POA can prove to be invaluable down the line. At Rainey & Rainey, Attorneys at Law, LP, we can draft a document that helps you protect your finances, prioritize your health, and assist your attorney-in-fact in making timely decisions for your best interest in the future.
Plan today to ensure tomorrow. Speak to a Waco estate planning and probate attorney at (254) 826-8151.
POAs to Accommodate for Every Situation
There are several types of POAs, such as:
- General Power of Attorney: Gives broad legal power to your agent in matters such as financial and business transactions, employing professional help, and buying life insurance.
- Special Power of Attorney: Gives limited power to the attorney-in-fact, such as managing a property, collecting debts, and handling transactions of funds.
- Medical Power of Attorney: Allows you to designate who is responsible for making medical decisions in the event of your incapacity, such as if you are rendered unconscious, mentally incompetent, or otherwise unable to make decisions.
- Durable Power of Attorney: Specifies your current POA remains in effect if you were to become mentally incompetent due to illness or accident, unlike other POAs which typically are terminated upon incapacitation.
Experienced Legal Assistance You Can Rely On
It is of crucial importance that a POA is drafted in a way that meets the legal requirements and wholly addresses the concerns you have for the future. POAs are not without legal complexities, and it is typically advised that you bring in a skilled attorney to help you draft your power of attorney in Waco. Rainey & Rainey have over 45 years of combined experience assisting clients like you in creating POAs that contribute to a stable future. We will walk you through the process, helping you understand and protect your rights, and inform you of what to expect as you move forward.
Need more information? Set up a case consultation at (254) 826-8151.