A Pennsylvania power of attorney with a will is a legal document that allows individuals to appoint someone they trust (known as an attorney-in-fact or agent) to make important decisions on their behalf. This legal arrangement ensures that if the individual becomes incapacitated or unable to make decisions, their chosen agent can step in and act according to their wishes. Pennsylvania recognizes various types of power of attorney, each serving a specific purpose. These types include: 1. Durable Power of Attorney: This type remains in effect even if the person granting power of attorney becomes incapacitated. It allows the agent to make financial and legal decisions, manage assets, pay bills, and handle real estate transactions in the individual's best interest. 2. Medical Power of Attorney: Also known as healthcare power of attorney or healthcare proxy, this document allows the designated agent to make medical decisions on behalf of the individual, specifically regarding their health and medical treatments. It ensures that the person's wishes regarding medical care are respected and carried out. 3. Limited Power of Attorney: This type grants the agent specific authority to perform certain actions on behalf of the person granting the power, such as signing documents, managing specific financial matters, or making decisions related to a particular event or situation. 4. Financial Power of Attorney: This type gives the agent authority to handle financial matters, including banking transactions, managing investments, paying bills, and filing taxes, among other financial responsibilities. Creating a Pennsylvania power of attorney with a will involves several steps. First, the individual must decide whom they want to appoint as their agent. It is crucial to select someone trustworthy and responsible, as this person will have significant authority over their affairs. The next step involves drafting the power of attorney document, specifying the particular type of power of attorney and the powers granted. Consulting with an attorney experienced in Pennsylvania estate planning laws is highly recommended ensuring the document complies with all legal requirements. Additionally, it is important to include a will when creating a power of attorney in Pennsylvania. A will outlines the individual's wishes regarding the distribution of their assets after their passing. This document allows the person to name an executor, who will oversee the distribution of assets according to their wishes. In summary, a Pennsylvania power of attorney with a will provides individuals with the peace of mind that their financial, legal, and medical affairs will be managed in accordance with their desires. By appointing a trusted agent and incorporating a will into the document, individuals can ensure that their wishes are upheld and their loved ones are protected in times of incapacity or after their passing.
Pennsylvania Power Attorney With A Will
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FAQ
Do Pennsylvania wills need to be notarized? Notarizing a will is not required in Pennsylvania ? but if you want to make the will self-proved with an affidavit, then it must be notarized.
Writing a Valid Will in Pennsylvania Be 18 years or older and of sound mind. Create the will on paper. It can be typed or hand-written (aka a holographic will). ... Sign the will. However, there is no legal requirement for the will to be witnessed when signed to be considered valid.
What does it typically cost to get a Power of Attorney form in Pennsylvania? The fees associated with hiring a lawyer to write a Power of Attorney might total between $200 and $500, based on your location.
Finally, a Power of Attorney will end automatically when you die and your agent learns of your death. In some cases, the Power of Attorney will terminate automatically. When you create the Power of Attorney, you can arrange for it to end at a certain time by including an expiration date into the document.
Although it is not required, filing a power of attorney in Pennsylvania may be done with the clerk of the Orphan's Court Division of the Court of Common Pleas in the county where the principal resides.