Power of Attorney in Flower Mound, Texas

Find the right Power of Attorney attorney in Flower Mound, TX

Power of attorney in Flower Mound, Texas is a legal setup in which one person (the principal) grants another (the attorney-in-fact) the authority to make legally binding decisions on his or her behalf. This is done for a variety of reasons, both personal and business-related, but it is frequently done to permit the attorney-in-fact to make important decisions for the principal in the event that the principal becomes incapacitated or disabled, and thereby unable to make his or her own decisions.

The principal can state in advance the scope and nature of the attorney-in-fact's authority. The agreement should be very clear on this matter, so you give the attorney-in-fact enough authority to carry out your instructions, but not more than they need in order to accomplish your objectives. Moreover, the attorney-in-fact should be someone you trust, such as a family member or life partner. You also need to be aware of the fact that your unique situation, as well as the actions you want the attorney to be able to take on your behalf, will help determine the most effective arrangement.

For example, if you have very specific wishes concerning end-of-life care, you should, of course, make them clear to the person who will be operating on your behalf, and make sure they are prepared to carry them out. You should then grant them power of attorney, with the scope limited to specific healthcare and financial decisions. That way, if you become incapacitated, your loved one will be able to carry out your wishes, even if you are unable to express them.

In Flower Mound, Texas, you can probably find pre-printed forms at office supply stores available for purchase. They already have the basic terms of a power-of-attorney agreement written, and just require the parties to fill in the blanks with names, dates, and a few other details.

Types of Power of Attorney Arrangements in Flower Mound, Texas

In Flower Mound, Texas, there are 3 forms of power of attorney. They are:

1. Limited power of attorney - limited power of attorney gives the attorney-in-fact the power to act on your behalf on a single issue, in a single transaction. For example, if you are buying a house in another state, you may wish to grant limited power of attorney to a friend or relative who lives in that state, so they can sign all of the proper documents on your behalf, so you don't have to incur travel expenses. For obvious reasons, you should only grant this power to someone you trust. Once the transaction is complete, the power of attorney automatically disappears.

2. Durable power of attorney - unlike limited power of attorney, discussed above, this does not automatically expire, though the principal can terminate it at any time. It is typically not limited to a single transaction, either. Rather, it covers a broader subject matter, though it still has limits. For example, you could give someone durable power of attorney to make medical decisions for you, but they would only be permitted to act in that context.

3. Springing power of attorney - this is a form of power of attorney which doesn't truly take effect until the occurrence of some stated event. This event can be anything, but it is often the principal becoming disabled. You should be aware, though, that it is not always clear what "disabled" means in such an agreement, which can result in disagreements, resulting in litigation.

Can a Flower Mound, Texas Lawyer Help?

Drafting a power of attorney agreement in Flower Mound, Texas is not always easy. And even if the arrangement you want to set up is relatively simple, it might still be a good idea to have a lawyer go over it, just to make sure that there are no flaws that might prevent it from being implemented.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Flower Mound

Flower Mound is located in Denton and Tarrant Counties, Texas. It is a suburb that is part of both Forth Worth and Dallas--a unique quality. Per the 2010 census, the population is 64,669 people.

How did Flower Mound get its name? Well, it is named after a 12.5 acre mound filled with wild flowers and slopes. This property is owned by the Mound Foundation. This is a fact that many visitors find very interesting.

Famous people that have, at one time or another, called Flower Mound home include "Mean Joe" Greene, Glen Titensor, Donald Driver, Tony Casillas, Chris Brown, and David Murphy.

Flower Mound is also home to many attorneys who have established themselves while working in local law offices and small firms. These attorneys practice in various legal areas, are well-experienced, and focus on providing excellent legal services.

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