Power of Attorney
A power of attorney is a written document in which you give another person, called an attorney-in-fact or agent, the authority to make decisions concerning your property. Most powers of attorney are effective immediately and remain in effect even if you become incapacitated (durable). In some cases, a power of attorney can be springing and will only be effective in the event of incapacity.
In Nevada, we have a Statutory Form Power of Attorney which allows you to grant broad powers to your agent, or make a selection of powers. These powers may include dealing with real property, insurance and banks and financial institutions, just to name a few. It is important to remember, however, that a power of attorney ceases upon the death of the person giving the power of attorney. Although powers of attorney can be an integral part of a good estate plan, their use should be carefully discussed and considered before granting one. If you need help obtaining power of attorney or for more information, call or contact our office.