Power of Attorney
At Bevilacqua and Bevilacqua we assist families with filling out the documentation needed for a power of attorney. In Rhode Island, there are forms available online but sometimes it is necessary to discuss and understand what the document says and means. A power of attorney is a document that allows you to choose another individual to handle your affairs. Non-durable, Durable, Limited, Medical and Springing are different types of power of attorneys (POAs). When choosing any of these POAs, choose an individual who will complete your wishes and lives nearby. If you are appointing someone to manage your assets, then you are the agent. If you are being appointed, then you are the principal. A non-durable power of attorney is used for only a fixed amount of time and usually completes a singular task for the individual they represent.
Durable powers of attorneys give agents the power to supervise all of the individual’s affairs. Limited POAs are normally designated to complete a one-time transaction. A medical power of attorney makes health care related decisions on behalf of the principal. This is a big responsibility and you want to make sure that whom ever you appoint to this position, you trust. A springing power of attorney takes effect after a certain amount of time and after a specific event takes place. This type of power can be either durable or non-durable. As you can see, there are many variations of a power of attorneys. Having a lawyer you can trust to explain and advise on the best course of action, makes for a successful outcome.