General Power of Attorneys

A general durable power of attorneys (POA) is one of the most important legal documents you can have. It empowers you to appoint a trusted individual, known as an agent, to manage your legal and financial matters. This document is designed to ensure that your affairs are handled smoothly, even when you are unable to do so yourself.

Understanding the Importance

Without a POA in place, managing basic tasks, such as paying bills or accessing bank accounts, can become complicated and stressful for your loved ones. By planning ahead and creating this document, you can protect your assets, reduce confusion, and make life easier for your family.

Tennessee’s Springing Durable Power of Attorney

In Tennessee, the law allows for what’s called a “springing durable power of attorney.” This type of POA only goes into effect if you become incapacitated. For example, if you are unable to make decisions due to illness, injury, or another medical condition, your agent can step in and take over.

This feature provides peace of mind. While you are healthy and capable, your POA remains inactive. However, should an unexpected event occur, your agent will already be legally authorized to act on your behalf. This ensures that no time is wasted when critical decisions need to be made.

Everyday Tasks Made Easier with a POA

Many people underestimate how essential a POA is for handling even the simplest tasks. Something as routine as canceling a mobile phone service or managing utility accounts can become a major obstacle without one. Financial institutions, service providers, and other organizations typically require legal authorization to allow someone else to act on your behalf.

Having a valid POA eliminates these barriers. It ensures that your agent can address such matters promptly and efficiently, avoiding unnecessary delays or frustration.

Saving Time and Money with a Power of Attorney

Creating a POA is not only a smart decision but also a cost-effective one. Without a POA in place, your loved ones may have to pursue a conservatorship if you become incapacitated. A conservatorship involves court intervention, which can be both time-consuming and expensive.

By contrast, a POA is a simple, affordable solution that allows you to maintain control over who manages your affairs. It prevents the need for court involvement, saving your family significant stress and financial resources.