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The durable POA that works for you

Durable powers of attorney have the potential to be one of the most important parts of your estate plan, and nearly everyone in Washington over the age of 18 years old requires this measure. Understanding which estate planning tools to use for each unique situation -- and which aspects of each to use -- is part of our duty here at Gellner Law Group. 

Powers of attorney are powerful legal agreements between you and a trusted party. Once it is effective, you would basically be signing over many of the rights and privileges you have to control your life. It is important to approach this with a good deal of planning in order to maximize the benefits.

If you are wondering why you would ever want to have a durable POA in place, you are not alone. However, these tools have the potential to greatly simplify many matters should you become incapacitated and unable to make your own decisions.

As explained on FindLaw, durable powers of attorney could grant many privileges to your agent. Here are a few examples:

  • Allowing management of your retirement investments
  • Giving power to sign real estate deals in your name
  • Letting the agent pay debts and file taxes on your behalf

If you are interested in attempting to secure the future of a wide variety of issues with a single stroke, giving broad powers of attorney to a trusted individual could potentially do this. However, general solutions are typically unwise -- there are typically many things to consider about the capabilities of powers of attorney and the limitations you could place upon them. Additionally, the Washington State statute was just updated as of January 2017, so older Durable Power of Attorney documents may be outdated. Please continue on to our Gellner Law Gropu website to learn more.

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To speak with an attorney at Gellner Law Group about estate planning, probate, trusts, wills or tax controversy, contact our law office in Kent, Washington, today. You can call 425-336-2908 or send us an email. We provide representation across the entire Seattle-Tacoma metropolitan area.

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