PR Durable Power of Attorney 2000-2024 free printable template
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Hey there I'm Paul Rabelais I'm an estate planning attorney and in this video I'm gonna talk all about power of attorney something just about everybody does hmm often misunderstood, so I'm going to lay out really 1010 critical points that affect people when they either are creating a power of attorney or they've been appointed by someone else who created a power of attorney, so I'm Paul Rabelais estate planning attorney help our clients all around Louisiana get and keep their legal affairs in order so first let me go over what is a power of attorney, so power attorney is something that just about everybody does when they're getting all of their legal affairs in order, but it's, and it's an instrument or a legal document where you give someone else the authority to transact for you, and then we're gonna you know dig into some details here, so I want to give you ten key points about power of attorney the first four are going to be really more definitions, but you need to know the definitions and then the final six are really practical things that affect people when they're creating or trying to use a power of attorney so point 1 is just a definition, and you know we hear people come in the office a lot and say I want I think I want a general power of attorney, so you know what does general mean and in general means that it's, and it's a comprehensive power of attorney it's a power of attorney that you create where you designate someone to be able to do things like pay your bills and deal with third parties on your behalf it's you know designed to be comprehensive, so that's what the general power of attorney is and some people though they don't want a general power of attorney they want what we often call a limited power of attorney it might say Paul I'm I'm going out of town for the next three weeks my house is closing next week I'm not going to be around I want to appoint my friend Fred to have power of attorney, but I only want Fred to be able to you know sign for me at the closing I don't want Fred to be able to do anything else for me, so that's what's called a limited power of attorney it's limited in its scope and its purpose sometimes it has a deadline, so that's that you know power of attorney that you create for a limited purpose number three durable power of attorney what does that mean well a durable power of attorney means it remains effective even after you become incapacitated and quite frankly that's the main reason why people create powers of attorney, so they can have some trusted person be able to take care of things for themselves when they do become incapacitated oh by the way here in Louisiana where we are all powers of attorney are durable even if there's not that durable language in the power of attorney for attorney in Louisiana it's effective until you die and so it's effective throughout your incapacity nonetheless some thirty-third parties out there they want to see all that durable language in there, so we put it in...
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