[fusion_builder_container backgroundcolor=”” backgroundimage=”” backgroundrepeat=”no-repeat” backgroundposition=”left top” backgroundattachment=”scroll” video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” bordersize=”0px” bordercolor=”” borderstyle=”” paddingtop=”20px” paddingbottom=”20px” paddingleft=”0px” paddingright=”0px” menu_anchor=”” equal_height_columns=”no” hundred_percent=”no” class=”” id=””][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_title size=”1″ content_align=”left” style_type=”double solid” sep_color=”#1e73be” class=”” id=””]Financial Power of Attorney for Domestic Partners[/fusion_title][fusion_text]A Financial Power of Attorney legally allows you to empower and appoint another person to handle particular matters on your behalf. The range of these powers is completely up to you, but the majority of couples decide to have all powers authorized. In the case of unmarried or same-sex couples, this becomes a near necessity for running a household whereas for married couples it becomes more of a convenience item unless one of them becomes very ill.

In North Carolina, a Financial Power of Attorney allows a person to handle any of the following – or all of them – on your behalf:

In addition, the powers you give another person can be effective immediately, after incapacity, or both. A Power of Attorney that is activated upon you becoming incapacitated is sometimes called a Springing Power of Attorney because it “springs” into effect, and Power of Attorney that remains active throughout your life is sometimes referred to as a Durable Power of Attorney. Most of our clients have a “General Durable Power of Attorney.”

While it is crucial to clearly outline what a Power of Attorney provides, it also important to dispel a few of the rumors regarding its use…

A family member may not override a Power of Attorney simply because they are related and want to make these decisions. In the absence of abuse for an incapacitated person, a court is likely to simply allow a Power of Attorney agent to continue acting without appointing a different “conservator.”

Although a Power of Attorney is reversible and there is no requirement to give complete authority to a person, use of a Power of Attorney for finances should be carefully and diligently considered prior to anything being signed.

If you have any questions or are interested in obtaining a Power of Attorney for finances and other estate planning needs, then please fill out the form to the far right or contact our office at (919) 844-7993.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]