Power of Attorney Documents

Power of Attorney

You may have heard about ‘Power Of Attorney’ or ‘Agent’ (POA) and wondered if you needed one. At Simple Solutions LDA we can prepare a power of attorney that will allow your wishes to be carried out in the event you are unable to do so yourself. Please review the information on this page and contact us to get started.

Student/Young Adult Power Of Attorney (POA)

Every incoming college student needs books, toiletries, bedding, computers and more before they go off to college. And every parent needs a signed power of attorney before sending them off.

A Power Of Attorney (POA) is a legal document every parent should have their 18-year-old sign that would give the parent immediate authority to access medical and financial information to handle issues on behalf of the young adult, in case of an emergency.

Without a POA, parents may not be able to help their children if they need it. Parents, even though you still view your 18-year-old as your baby, the law sees them as adults. And under privacy laws, parents will no longer have the right to make medical or financial decisions, regardless if the parents pay tuition, carry them on their medical and dental insurance, or provide other financial assistance. Get peace of mind with our Young Adult POA.

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Contact Info

Contact Phone

(510) 375-7653

Contact E-mail

info@simplesolutionslda.com

Mailing Address

1311 Park St., Suite #652 Alameda CA 94501

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Adult/Senior Power Of Attorney (POA)

As much as it may hurt to think about, there will come a time when your aging parent may no longer be capable of making decisions about financial and legal matters or about health care. At that point you’ll need to be prepared to step into a decision-making role. Before that time comes, it’s important to discuss the subject of designating a power of attorney.

Powers of attorney are legal documents authorizing you to make decisions on the behalf of an incapacitated family member. The person executing the document (your parents) is known as the “principal” and the person chosen to act on the principal’s behalf is known as the “agent”. A POA can cover the decisions that your parents would have to make such as health care, medical treatments, financial deals, contracts, wealth management, etc. A POA can be given to one person or can be shared, for example, between siblings.

The State of California recognizes four different types of powers of attorney:

Durable Power of Attorney — the agent makes all the financial decisions for the principal, even in cases of incapacitation
General Power of Attorney — the agent makes all the financial decisions for the principal; power of attorney becomes void if the principal becomes incapacitated
Limited Power of Attorney — agent is only given authority to perform a specified duty or transaction; POA becomes void after completion
Medical Power of Attorney — the agent makes all the medical decisions for the principal

While a standard POA expires when the principal (you) becomes incapacitated, a Durable POA gives authority to the agent to act for you if you become incapacitated. We hate to think of the possibility of an accident or serious illness, and even more the potential negative effects of aging. What if something happened to you that leaves you unable to make necessary financial decisions? Or unable to tell your doctor what kind of medical care you wish to receive? At Simple Solutions LDA, Durable POAs are included with our living trust bundle.

Keep in mind that all POAs expire when the principal of the power (you) passes away. If you have a revocable living trust when you pass away, the Successor Trustee becomes the person in charge of administering the trust, according to the wishes you have stated and instructions you have left behind. Get started on protecting your family legacy today with Simple Solutions LDA!