Power of Attorney in Chandler, AZ

Have you or a loved one considered granting power of attorney in Chandler?

Then understanding the basics of power of attorney is crucial to protecting everyone’s best interests. Taking this step can be critical during times of extreme stress and emotion.

Without power of attorney, decisions about an individual’s affairs may belong to the courts or guardians. It can also be a costly and time-consuming process.

Meeting with an attorney can help guide you through the process and ensure your wishes get honored. Get started with the process by reading the details below.

What Is a Power of Attorney?

According to the ABA, power of attorney grants authority to another person to act as a legal agent. This power may be temporary or permanent. Nonetheless, it allows your agent to handle affairs without your written consent.

Why Would You Need a Power of Attorney?

One reason for pursuing a power of attorney (POA) is convenience. For instance, you may prefer having someone manage your assets without your approval. Any POA in Arizona can bypass certain checks and balances, allowing your chosen agent to act on your behalf.

Another reason for obtaining a POA is if you cannot make legally binding decisions. This arrangement is frequent among senior citizens or people with physical or mental conditions.

Types of Power of Attorney In Chandler, Arizona

There are various types of power of attorney (POA). You can choose the one that best fits your specific needs and circumstances.

General Power of Attorney

An agent granted a general power of attorney can perform various duties such as:

• Handling financial matters
• Managing insurance needs
• Operating a business
• Making business decisions
• Hiring or firing employees
• Settling claims

You can use this type of power of attorney (POA) when you are absent from Chandler, AZ. This agreement can last while you’re away or if you cannot make decisions due to medical complications.

Special Power of Attorney

This POA is more specific and grants you the power to authorize limited powers to your agent. For instance, this method would be appropriate if you only want someone to sign off on real estate deals.

Arizona law requires a special power of attorney document to be in writing. It requires signatures, notarization, and at least two witnesses. It should also identify the agent and clearly specify the scope and limitations of their authority.

Health Care Power of Attorney

A healthcare power of attorney (POA) gives your agent the authority to make medical decisions. It is common to use this legal method if you anticipate incapacitation. State laws may vary, but your healthcare POA could make significant judgment calls, like ending life support.

A healthcare POA is suitable for individuals who are elderly or ill. It can also transfer to a trusted family member or individual.

Durable Power of Attorney

A durable power of attorney (DPOA) empowers the agent to manage specific functions. It is helpful if you foresee losing mental capacity due to a condition like Alzheimer’s disease. Essentially, a DPOA serves as a precautionary measure to safeguard your interests.

To create a durable power of attorney agreement in Chandler, you must:

1. Choose a trustworthy and reliable agent to act as your representative.
2. Determine the abilities you want to give.
3. Create a notarized document that meets Arizona’s legal requirements for a durable power of attorney.
4. Distribute copies of the durable power of attorney to your agent, family members, and any other parties who need it.

Choosing an Agent

Choosing a trustworthy agent is critical when selecting a power of attorney (POA). Most individuals opt for a family member as they are usually close and have their best interests in mind. However, you can select anyone as your POA. It’s crucial to remember that the person you choose will be responsible for managing your affairs. So it should be someone you trust to respect and honor your wishes.

Appointing Multiple Agents

As a principal in Chandler, AZ, you may appoint multiple agents to act on your behalf. You have the option of whether to have them work together or independently.

Maintaining two or more agents can establish a system of checks and balances. It can prevent one agent from making impulsive decisions. However, this approach can also lead to discrepancies that may cause delays.

At the very least, it is essential to have a backup POA in case something happens to your primary agent. A successor agent can take over when the first cannot perform their duties.

Revoking a Power of Attorney in Chandler, Arizona

You may revoke your power of attorney at any time, provided you are mentally capable. But you must submit it to the location in Chandler, AZ that processed your original documents.

Another individual may attempt to revoke your POA. However, this can become a complicated legal matter and is difficult to prove in court. The person must demonstrate that the agent has taken actions that put your interests at risk.

You can revoke a power of attorney in Chandler by executing a written revocation or physically destroying the document. Additionally, any third parties should receive notice. You can read more about the rules for this process in Arizona Revised Statutes (ARS) §14-5506.

Using a POA to Protect your Interests

You can include clauses in your POA that require your agent to report to an external party. This party could be a family accountant or a designated medical professional. It provides additional security and ensures another individual can review decisions.

Under Arizona law, a third party can be on a power of attorney agreement using a document called a DPAA. The agent can also designate another entity to act as a conservator if they become incapacitated. The DPAA must have a date and signatures by the principal and witnesses.

Do I Need a Lawyer to File POA in Chandler, Arizona?

Consulting with an attorney in Chandler is a wise decision when dealing with POA paperwork. The documents can be complex, so having a knowledgeable legal professional in Chandler is beneficial. Additionally, an attorney can incorporate provisions that protect your interests.

Work With an Experienced Local Lawyer in Chandler, Arizona

Creating a power of attorney is a process that calls for sound legal advice. We can connect you with an experienced lawyer in Chandler to create a well-reasoned estate plan. We also have the resources to find counsel across Arizona state lines.

Submit a request online or call us today at (866) 345-6784!