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Power of Attorney in North Carolina: More Details and Options

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Powers of Attorney are not a cure-all, and need to be created as a part of broader, and more comprehensive estate plan. Learn more about power of attorney in North Carolina in this presentation.

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Power of Attorney in North Carolina: More Details and Options

  1. 1. i ll .1 More Details And Options
  2. 2. FINANCIAL AND HEALTH CARE QHOICES‘
  3. 3. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center What will my agent do?
  4. 4. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center __ _ . , __ use powers of attorney to give agents the ability to 133.3553 om oi’: "two 'i: »/p es of «: :i1oi. oec:
  5. 5. LAW OFFICES OF CHEIWL DAVID ttttttttttttttttttttt er PEOPLE typically use powers of attomey to give agents the ability to make one of two types of choices: financial and health care
  6. 6. LAW OFFICES OF CHERYL DAVID ttttttttttttttttttttt er Financial powers can take effect whenever you like, while people typically only use health care powers to allow their agent to make choices after they become incapacitated
  7. 7. 3 i r ‘. . . A DURABILITY fill
  8. 8. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center What is a durable power?
  9. 9. LAW OFFICES OF CHEIWL DAVID Estate and Elder Law Center A power of attorney automatically terminates when you become incapacitated or die
  10. 10. LAW OFFICES OF CHEIWL DAVID Estate and Elder Law Center However, a durable power of attorney allows your agent to continue to make choices for you even after you become incapacitated
  11. 11. 1% / I :1. _"-_, _.-' '
  12. 12. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center What limitations on powers of attorney are there?
  13. 13. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center Q O gives your agent the ability to make specific types of choices, while a general power allows your agent to make almost any decision you can make
  14. 14. LAW OFFICES OF Estate and Elder Law Center A springing power of attorney will only allow your agent to make decisions for you should a specific event take place, or should specific conditions be met
  15. 15. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center What else do I need?
  16. 16. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center (gm; w-—r r : ww-—rw- P<"3W". r., lo l: =‘ KI. !l:1_l.7 are not a cure—all, and need to be created as a part of a broader, and more comprehensive, <ec'i: ai: re _"_1.v. .‘? I.. "3.
  17. 17. LAW OFFICES OF Estate and Elder Law Center An estate plan will address all of the issues and concerns that are important to you, and will include devices that will allow you to make decisions that take effect after you die
  18. 18. LEARN MORE ABOUT ESTATE PLANNING IN NORTH CAROLINA
  19. 19. Click to visit: 1* r“I'* I ‘X V7"/ 7V7.- W l l < l ‘ / . . < , m .5 y. ._)

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