Financial Power of Attorney Services in King of Prussia and Lebanon

A financial power of attorney is a legal document that enables you to authorize a person to manage your finances and property. The appointed person is often called an agent or attorney-in-fact. As an elder law firm, Miller Law Firm, PC provides you an experienced financial attorney who will assist you in drafting a power of attorney. Anything unexpected can happen to us anytime, a financial power of attorney will keep things running smoothly when you are unable to care for them yourself. If you have aging loved ones, getting a power of attorney will allow you to complete transactions on their behalf.

Durable Power of Attorney for Financial Decisions

It’s always better to have a financial power of attorney before you need it. Your loved ones can step in if you become too ill or injured to make your decisions. A durable power of attorney for the financial aspect enhances your agent’s authority to make decisions on your behalf when you are incapacitated. 

Drafting a Financial Power of Attorney in PA

The financial power of attorney must be in writing to be valid in Pennsylvania. For drafting a power of attorney, you need to have certain arrangements and those arrangements must be following the legal requirements of Pennsylvania.

1. Notice to the Principal

Your financial attorney will help you in signing a mandatory notice to the principal. The notice should appear in capital letters on the top of the legal document and it must be signed by the principal for acknowledgment.

2. Information

Your financial planning attorney will require some basic information to complete the process of drafting a power of attorney; this includes:

• Legal names and addresses of the principal and agent
• Relationship between principal and agent
• Duration of the power of attorney
• Scope of authority given to the agent

3. Acknowledgment by Agent

A mandatory sign is required by the agent for financial power of attorney. The document ensures that the agent understands the scope of responsibility and knows how to correctly act on behalf of the principal.

4. Signing

According to the law of Pennsylvania, the financial power of attorney must be dated and signed by witnesses and the principal. The signature of the principal has to be notarized by two additional people other than your agent and witnesses.

Get in Touch with Our Financial Attorney in PA

Miller Law Firm, PC is a financial services law firm that specializes in estate planning, elder law, and other legal services. With offices in King of Prussia, PA, Framingham, MA, and Lebanon, PA, we also service the following areas:

Consult our financial attorney and get your legal issues sorted out today.

Reference link for state codes (as per instructions):

https://www.nrcs.usda.gov/wps/portal/nrcs/detail/pa/home/?cid=nrcs143_013696