A properly drafted Power of Attorney can, in some instances, be more important than a will. A Power of Attorney allows for loved ones to take over your financial affairs, in the event you become mentally incapacitated. Without a Power of Attorney a loved one must go to court to have a guardianship imposed, at great expense, formality and frustration. In recent years, Maryland has made it easier to ensure an agent’s power under a Power of Attorney will not be refused arbitrarily – if drafted properly. Therefore it is critical to have an experienced estate planning attorney draft your Power of Attorney. In addition, there are General Power of Attorneys and Limited Power of Attorneys. An estate planning attorney can tell you which one meets your specific needs.
If you are interested in receiving additional information about a Power of Attorney that relates to your specific situation, please respond to the following questions. Upon submission of your answers, an attorney will respond to you within five business days.