Establishing A Power Of Attorney In St. Louis County
At Butler Law Group LLC, we understand the importance of having a power of attorney in place to protect your interests and ensure that your wishes are respected.
A power of attorney is a legal document that grants an individual, known as your “attorney-in-fact” or agent, the authority to act on your behalf in various legal and financial scenarios.
What is a Power of Attorney?
We offer guidance on the different types of powers of attorney available in Missouri, including durable, general, and limited powers of attorney:
- A durable power of attorney remains in effect even if you become incapacitated
- A general power of attorney grants broad powers to act on your behalf in financial matters
- A limited power of attorney, on the other hand, restricts the agent’s powers to a specific purpose or transaction
Choosing the Right Agent
When choosing an agent, it’s essential to consider several key factors, including:
- Trust: Designate the authority to a dependable and trusted person who has your best interests at heart
- Ethics: Choose an agent who won’t abuse such privileges or misuse power in their duties
- Understanding of duties: Choose an agent who understands their roles and duties to execute such responsibilities
- Attention to detail: Choose an attorney-in-fact who can keep detailed and accurate records of all transactions performed on your behalf
- Collaboration: Choose an attorney-in-fact who is willing to work with other professionals, including your accountant, attorney, advisor, and other parties
- Proximity: Select a person who lives near you and will be available when needed
- Decision-making ability: Choose a person capable of making intelligent decisions, even under possibly strenuous situations
Benefits of Having a Power of Attorney
Having a power of attorney in place can provide peace of mind for you and your loved ones, eliminating the need for court-appointed guardians or conservators and maintaining your privacy. It also allows you to have an open and honest conversation with your loved ones about your wishes and intentions.
At Butler Law Group LLC, we are committed to providing personalized and client-focused service to help you navigate the complexities of estate planning, including power of attorney. Attorney Ed Butler is dedicated to guiding you through the process and ensuring that your power of attorney document is tailored to your unique needs and goals.
If you’re considering setting up a power of attorney or need more information on your options, we invite you to contact us today to schedule a consultation. We serve clients in Des Peres, Missouri, and the surrounding areas, and we look forward to helping you protect your interests and secure your future.