Know Everything About a Financial Power of Attorney in Pennsylvania

Our attorney will protect your interests and guide you through the process of attaining a financial power of attorney through which you can authorize someone to make financial decisions for you.

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.

Financial Power of Attorney in King of Prussia, PA

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.

Financial Power of Attorney, Miller Law Firm, PC

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:

  • King of Prussia, PA 
  • Lebanon, PA 
  • Lancaster, PA 
  • Reading, PA 
  • Wayne, PA 
  • Phoenixville, PA 
  • Plymouth Meeting, PA 

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

 

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What our clients say about us

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9.3

Trusts

Steve was great from start to finish. We were looking ahead for our families future and knew we had to call Steve. Steve broke everything down in plain terms, which helped me and wife decide which way to go. I would recommend Steve to any...

21st August 2020

Legal dispute

Very satisfied by results. More then willing to recommend to anyone!! Open communication and prompt call backs.

3rd June 2020

What a relief!

Mr. Miller's help and service were very professional and much needed. Having financial, personal, and medical issues resolved for the future is a relief to us and a reassurance to our heirs and loved ones.

30th May 2020

Great help with estate planning

Steve did a great job of helping us with our estate planning. He gave us options and explained how each one would fit our situation. Once we decided how we wanted our estate set up, he was quick to follow up and get things in place. ...

22nd April 2020

A true humanitarian among attorneys.

Before entering elderly law. Steven was instrumental in supporting and guiding me in my discrimination suite against my employer. I have a disease called Meniere's disease, which causes cases of uncontrolled vertigo. I was hired by a rather...

8th October 2019

Highly Recommend

We entrusted Steven Miller Esq. to handle our Will and Estate planning. I would highly recommend him.

20th October 2017

Rising Star in The Lancaster, PA Area

Handled a real estate closing for us, expedited it quickly and efficiently. Attorney Miller is Well informed, professional and has a very nice demeanor I would recommend him for any legal proceeding. Very honest with a wonderful temperament...

21st January 2015

Great experience.

I hired Steve do defend a consumer credit matter that was dubious from the start.
He was knowledgeable and the case was successful along the lines he predicted.
I would definitely hire Steve again.

19th January 2015

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Pennsylvania Office

630 Freedom Business Center King of Prussia, PA 19406

Monday - Friday: 9 am to 5 pm

Phone (855) 936-3886

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Pennsylvania Office

718 Poplar Street, Suite I Lebanon, PA 17042

Monday - Friday: 9 am to 5 pm

Phone (717) 328-8883

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Massachusetts Office

945 Concord Street Framingham, MA 01701

Monday - Friday: 9 am to 5 pm

Phone (508) 593-7339

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