Knoxville Power of Attorney Lawyers
Tennessee Lawyers To Ensure Your Intentions Are Followed
As the saying goes, “you can’t take it with you.” If you have acquired significant property or assets during your lifetime, you should plan for how those assets will be transferred after your passing. You may want to leave your money and possessions to your children, loved ones, or certain charities. Unless you specify otherwise in a legal document, your assets will go wherever the court says they should go.
You should not put off drafting a power of attorney. In addition to understanding that we will eventually all need to deal with advancing age, a power of attorney can protect you in the case that you are incapacitated. Our Knoxville power of attorney lawyers will draft legally valid documents that state your intentions and allow you to transfer decision making authority. Contact us TODAY to get started!
Planning a will or naming a power of attorney isn’t just for the wealthy. Everyone should consider a power of attorney as part of their estate plan, we can also help you with:
- Durable Medical Powers of Attorney
- Durable Powers of Attorney for Financial Affairs
- Healthcare Directives
- Last Wills
- Living Wills
How does a power of attorney work in Tennessee?
Powers of attorney enable a broad range of powers, but you can customize them in any way that you desire.
In the event of your incapacity, your power of attorney can:
- Hiring Attorneys or other Professionals
- Make Business Decisions on Your Behalf
- Make Funeral and Burial Arrangements
- Managing Financial Accounts
- Property Transactions
- Sign Tax Documents
You don’t need to include all of these in your power of attorney document. Our Knoxville power of attorney attorneys can create a power of attorney document that is tailored to your needs. We never offer one-size-fits-all solutions because we know every client is unique.
What types of powers of attorney are available in Tennessee?
- A limited power of attorney gives someone the authority to act on your behalf for a limited purpose. It could be just one day – perhaps you’re going out of town and need someone to sign some real estate documents. In that case, a limited power of attorney would be appropriate.
- The general power of attorney is comprehensive and detailed, granting your appointed person the authority to sign documents, pay bills, and make financial transactions. A general power of attorney ends when you die, become incapacitated, or revoke it.
- Durable powers of attorney are valid even after you are incapacitated, and can be either general or specific. When you become incapacitated without having this, a court must appoint a representative for you. A durable power of attorney stays in effect until you die, or until you revoke it before becoming incapacitated.
- A springing power of attorney allows your representative to act for you if you become incapacitated, but only when you are actually incapacitated. When creating a document for a springing power of attorney, be sure to outline exactly what constitutes incapacity and what triggers power of attorney.
CONTACT A KNOXVILLE POWER OF ATTORNEY LAWYER
Are you ready to speak to a power of attorney lawyer in Knoxville TN? No matter what your Tennessee family law matter entails, you can be rest assured that our Knoxville law firm has the knowledge and skill needed to represent you. We focus exclusively on family law and are prepared to provide the tailored representation and counsel that you need to get the best possible results. Set up your consultation today!