Powers of Attorney in East Greenwich, Rhode Island
Our estate planning lawyer knows that when you create a power of attorney, you want to make sure you are covering all of your bases and are not leaving anything to chance, something that is helped by having different types of powers of attorney. Many residents in East Greenwich, RI have spoken with us about creating powers of attorney so that they will not have to worry about the decisions made surrounding the end of their life. This can be a difficult task to complete because, frankly, it is not a subject many people want to think about. However, if you are ready to take that step and would like to work with us to create your power of attorney document, please give McCarthy Law, LLC a call now.
Powers of Attorney East Greenwich, RI
When you are ready to write down your wishes, it is important to understand the differences between the powers of attorney East Greenwich, RI residents choose from.
- The limited power of attorney. With the limited power of attorney, you are giving someone a limited amount of authority to do a very specific task. This is often the case when a person is purchasing property but they are not in the state they are purchasing in. They can execute a limited power of attorney and allow a person who resides in the state to finish the purchase on their behalf. Once this is complete, the power of attorney is gone for good.
- The durable power of attorney. The person in East Greenwich, Rhode Island who is given the title of durable power of attorney has the authority to pay off debts and make healthcare decisions on behalf of the person giving the power. This can be revoked if the person who created the power of attorney chooses to do so. It can also allow the person with a durable power of attorney to make decisions if the person who gave the power is incapacitated in some way.
- The springing power of attorney. Not all states have the same types of power of attorney and the springing power of attorney is accepted in East Greenwich, RI. This is similar to the durable power of attorney but it takes effect at a designated time. So, if the person authorizing the power of attorney says that they want this to vest if they have been in a terrible car accident and they can no longer speak for themselves, then the springing power of attorney will only be active when all necessary circumstances occur.
Do you want to learn more about powers of attorney? Contact McCarthy Law, LLC to speak with our East Greenwich, RI office now.