Knowledgeable North Carolina Lawyer Handles Powers of Attorney
Dedicated attorney helps clients in the Huntersville area to transfer decision-making authority
Powers of attorney are documents that convey legal authority for one person or organization (agent) to act in the name of another person when making decisions. These documents are highly useful for individuals and business owners in planning for incapacity. If an illness, chaotic schedule, extensive travel or other circumstances make it difficult for you to make informed decisions about issues that affect your life, you can grant power of attorney to someone you trust so they can act on your behalf.
Skilled North Carolina counselor drafts powers of attorney that protect your interests
Granting power of attorney to a trusted agent can ensure that important matters are handled carefully when you cannot tend to them yourself. Generally speaking, powers of attorney address three main areas of concern:
- Financial management — You may grant someone power of attorney to manage your bills, taxes, stocks, royalties or other financial assets. Handing authority to a trusted individual can give you a sense of security when times are difficult. Older adults who are forgetful or susceptible to scams can also benefit from a loved one overseeing their bank accounts and other financial concerns.
- Legal and business matters — Even if you are not planning to step away from the day-to-day management of your business or legal matters, executing power of attorney is a prudent contingency plan. An agent can also be given the right to act as your power of attorney during real estate deals and other transactions.
- Medical care — When a medical crisis strikes, loved ones are often unsure about the extent of lifesaving treatment the injured or ill person would want. Every adult should have an advance directive that clearly specifies their wishes for medical care and grants decision-making authority to a person of their choosing.
The skilled attorney at Lake Norman Wealth Counsel works to prepare documents that address each client's specific needs and concerns.
KNOWLEDGEBLE ESTATE LAWYER HELPS CREATE HIPAA COMPLIANT MEDICAL AUTHORIZATIONS
The Health Insurance Portability and Accountability Act (HIPAA) is a US law that protects the privacy of patients’ medical records or other protected health information, whether electronic, written or oral. This law gives you rights over your health information and sets rules and limitations on who can look at and receive your protected health information.
A vital part of your estate plan is to provide permission to access your protected health information to those trusted powers of attorneys (Medical and financial) and Trustees so they can continue to act on your behalf during your incapacity. Without the compliant authorization, they may have to petition a Court to gain access to those vital records.
Experienced estate planner advises on limited vs general transfers
A power of attorney can grant broad authority or be limited in scope. While a limited power of attorney can give an agent authority to act in your stead for only a very specific period of time or to fulfill a specific task, a general power of attorney can transfer all of your authority to another party. Our knowledgeable lawyer drafts all types of powers of attorney. We can collaborate closely with you and your chosen agent(s) to evaluate each area where power of attorney is advisable.
Contact a skilled North Carolina lawyer for help with powers of attorney
A carefully drafted power of attorney can give you and your loved ones or business partners greater peace of mind in the event that you are unable to make decisions for yourself. Call Lake Norman Wealth Counsel at 704-727-2026 or contact us online to schedule a consultation at our Huntersville office