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Title: Why a Power of Attorney Matters and How ALTA Estate Can Help You Establish One

A Power of Attorney (POA) is far more than a legal form—it's a crucial instrument for protecting your well-being and ensuring your affairs are managed responsibly when you're unable to handle them yourself. Whether due to illness, travel, or incapacity, a POA allows someone you trust to step in and act on your behalf in financial, legal, or healthcare matters.Mark Fishbein, lead estate planner at ALTA Estate, has guided countless individuals and families through the POA process, helping them create secure, customized documents. He emphasizes that not having a POA can lead to serious delays and complications for loved ones during critical moments.Below, we explore the types of POAs, their role in estate planning, and how the team at ALTA Estate ensures you’re fully protected.1. Understanding the Types of Power of AttorneyGeneral POAThis type grants broad authority to your chosen agent to manage financial matters—such as bank accounts, real estate, and investments. It's ideal for those who need comprehensive support managing their daily financial responsibilities.Limited (Specific) POAA Limited POA restricts the agent’s authority to certain tasks or a specific timeframe. Common examples include authorizing someone to handle a real estate closing or act during your temporary absence.Durable POAUnlike general or limited POAs, a Durable POA remains in effect even if you become incapacitated. It's a key document in long-term care planning, ensuring that your chosen representative can continue managing your affairs without court intervention.2. How to Establish a Power of AttorneyCreating a valid POA involves selecting a trustworthy agent and preparing legal documentation that complies with state requirements. The process usually includes signing the POA in the presence of a n...

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