Correctly signing a legal document can be as important as the information contained in the document. Professionals remind Maryland residents that there is a certain way to sign a legal document when acting as a power of attorney. . As using one's power of attorney is, in fact, a legally binding action, it is imperative that documents be signed properly.
At first glance, the issuance of a power of attorney may appear straightforward. In fact, in order for a power of attorney to be valid, the legal document must simply specify that the maker of the document gives the power to make certain decisions for that individual to another person. In Maryland and other states, there are a wide range of issues to consider when drafting and executing such a document.
Estate planning is important for everyone. An important legal document for an estate plan is a power of attorney, which is fairly easy to put in place. The Maryland resident who puts the power of attorney in place is called the principal, and the person who is appointed is called an agent or an attorney-in-fact. The agent should be someone who the principal trusts to make important decisions. The power of attorney can cover financial decisions, health care decisions or both, and the named agent must be at least 18 years old.
Life is full of surprises, which just cannot be predicted. At any moment a person in Maryland or any other state can be involved in a serious accident and be left incapacitated. Along with the obvious physical challenges and emotional difficulties for loved ones, there are also financial concerns regarding who will be in charge of one's funds and assets while one is incapacitated and unable to make decisions for himself or herself. This is why having a power of attorney document in place is essential.