According to a study by Merrill Lynch and Age Wave, only approximately one-third (33%) of American adults 55 and older have a durable power of attorney. A power of attorney allows you to name a trusted person who can make legal, financial, and health decisions on your behalf in the event that you're unable or unavailable to make such decisions. Unfortunately, a lot of adults are hesitant to choose their power of attorney. If you are thinking about choosing your power of attorney, it is important that you consult with an experienced Kansas estate planning attorney for proper guidance.
At Cornerstone Law, LLC, I am dedicated to providing knowledgeable and comprehensive guidance to individuals and families in estate planning legal matters, including wills, trusts, probate, and powers of attorney. I'm available to discuss your unique circumstances and explore your estate planning options. As your legal counsel, I can guide you through the legal process involved in establishing your power of attorney and help you make the right choice.
My firm — Cornerstone Law, LLC — proudly serves clients in Newton, Wichita, Hillsboro, Hutchinson, and counties throughout Kansas, including Harvey, Marion, and Sedgwick. Contact me today to start the process of exploring your power of attorney options.
What is a Power of Attorney?
A power of attorney is a legal document that grants another person (the "agent" or "attorney-in-fact") the power and legal authority to make financial, healthcare, property, and legal decisions on your behalf when you can't make such decisions yourself. Through a power of attorney, you (the principal) can designate authority to an agent who will oversee your health, financial, and legal affairs when you're unable or unavailable to do so.
Pursuant to Kansas Statutes Section 58-654, "a principal may delegate to an attorney in fact in a power of attorney general powers to act in a fiduciary capacity on the principal's behalf with respect to all lawful subjects and purposes or with respect to one or more express subjects or purposes. A power of attorney with general powers may be durable or nondurable."