Financial Power of Attorney in McKinney, TX

Making Sure Your Loved Ones Are Safe

A financial power of attorney is a legal document that allows you to appoint another person to handle your financial affairs in the event that you become unable to do so yourself. It is not the same as a medical power of attorney, which allows you to appoint someone to make medical decisions on your behalf if you cannot do so yourself.

If you become incapacitated, a power of attorney can make sure that your bills are paid and that your loved ones are provided for. It can also ensure that your investments remain secure and that your estate is distributed as you intended.

At Willingham Law Firm, PC., we can help you draft a financial power of attorney that is tailored to your specific needs. Our McKinney estate planning lawyers can help you make sure that your loved ones are provided for and that your financial affairs are in good hands after you are gone.

Contact us at (214) 499-9647 today to schedule an appointment and get started with a financial POA lawyer. 

What Is Included in a Financial Power of Attorney?

A financial power of attorney typically includes the following provisions:

• A statement that the power of attorney is created
• A statement that the power of attorney is for financial matters
• The name of the person who is named as the agent
• The name of the person who is named as the agent
• The signature of the person granting the power of attorney
• The signature of the person who is named as the agent
• The signatures of two witnesses
• The signatures of two witnesses

When Is a Financial Power of Attorney Needed?

It is important to note that you do not need to become incapacitated to need a financial power of attorney. You may have a variety of reasons for needing to appoint someone to handle your financial affairs for you.

When you should consider a financial power of attorney:

• You are elderly — As you get older, you are more likely to become incapacitated, and a financial power of attorney can help you make sure that your financial affairs are in good hands.
• You have dependents — If you have dependents, a financial power of attorney can help you make sure that they are provided for in the event that you become incapacitated.
• You have significant assets — If you own a business or have significant investments, a financial power of attorney can help you make sure that your assets are secure and that they are distributed as you intended.
• You have health issues — If you are dealing with an illness that could make you unable to handle your own financial affairs, a financial power of attorney can help you make sure that your affairs are in order.

How to Draft a Financial Power of Attorney

Creating a financial power of attorney is a serious decision, and you should make sure that you are comfortable with the terms of the document before you sign it. At Willingham Law Firm, PC., we can help you draft a financial power of attorney that is tailored to your specific needs and that you are comfortable with.

When you work with our team, you can expect to receive the following benefits:

• A document that has been tailored to your specific needs
• A document that has been tailored to your specific needs
• A document that has been tailored to your specific needs
• A document that has been tailored to your specific needs
• A document that has been tailored to your specific needs
• A document that has been tailored to your specific needs

Contact Our McKinney Financial POA Lawyers

At Willingham Law Firm, PC., we are here to walk you through the process of creating a financial power of attorney. We can walk you through the process and make sure that you are comfortable with the terms of the document before you sign it.

To get started on your financial power of attorney, contact us at (214) 499-9647.