Estate Planning Attorneys in Frederick, Maryland
A power of attorney is a document that gives one or more people the authority — or power — to make decisions for you in the event that you are incapable of doing so. The decision-making power vested in the agent can be very broad or restricted in scope, as defined by the specific terms of the document.
Powers of Attorney cover two major areas of decision-making:
- Financial Power of Attorney — the ability to make financial decisions, make transactions and enter into contracts, as defined in the document.
- Health Care Power of Attorney — the ability to make decisions regarding the provision of medical treatment.
At the Law Offices of Scott Alan Morrison, P.A., we frequently draft Powers of Attorney for our clients. These documents can reduce legal costs by sparing family members from the burden of having to seek court-approval if you are unable to make financial or health care decisions.
Contact us to learn more about Powers of Attorney and the role they can play in your overall estate plan.
An Alternative to a Guardianship or Trust
A financial Power of Attorney (POA) can serve as an economical alternative to a guardianship or trust. The agent who is given the power to transfer assets and engage in transactions must be a person who can be trusted with the immense power that a POA confers. Often this is a family member.
An attorney can review your goals, help you make the right decisions regarding this important subject and then draft a Power of Attorney which can achieve your goals.
A special power of attorney can be created for a set period of time to accomplish a very specific task. Let's say your house is up for sale but you are traveling overseas. You can appoint a person who can legally accept an offer and sign the closing documents. In a free consultation, a lawyer at our firm can discuss your needs.
Health Care Power of Attorney
It is important to appoint a person who can make decisions about health care or end-of-life medical treatment if you are unable to do so. The Law Offices of Scott Alan Morrison, P.A. can help you create a health care power of attorney or living will which can spare your family the agony of making these decisions.
Free Consultation with a Lawyer
For more information and a free consultation with the Law Offices of Scott Alan Morrison, P.A., call us at 301-694-6262 or contact us online.
We have offices in Frederick and Hagerstown, Maryland, to serve you. Evening, weekend and off-site appointments are available upon request.