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Mountain Views News, Sierra Madre Edition [Pasadena] Saturday, December 17, 2016 |
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B3 BUSINESS NEWS & TRENDS Mountain Views News Saturday, December 17, 2016 FAMILY MATTERS By Marc Garlett EXACTLY WHAT IS A POWER OF ATTORNEY? Power of attorney (POA) is a document that grants a specific person, called an agent, the authority to make important decisions on behalf of another person, who is called the principal. There are many different types of powers of attorney. The scope of the authority the principal grants to the agent can be very broad in nature, or very specific. The power of attorney document specifies exactly what that authority looks like. For example, you could give someone the power to make decisions about your: · Finances · Health care · Personal property · Real estate · Business · Personal and family matters · Lawsuits · Insurances and annuities · Taxes · Government benefits The agent can be granted authority to make just one type of decision, a mix, or all of them; it really boils down to the principal’s needs and wishes. When it comes to powers of attorney, you have several options for granting others decision- making authority in your life. But keep in mind the power of attorney does not, by itself, adequately address all situations. For example, while giving power of attorney to someone can be useful for to those who want a specific person to be able to make certain decisions, it isn’t a substitute for a living will. If you want to imbue a person with more comprehensive health care authority in the event you are unable to make medical decisions for yourself, consider executing a separate healthcare directive, which includes a living will, to meet that need. The laws governing power of attorney vary from state to state and situation to situation. There is no “one size fits all” power of attorney document, so don’t fall into the trap of thinking a fill in the blank POA is going to properly protect you. Always seek the counsel of a trusted attorney before creating any legal document, to ensure you make informed and empowered decisions, both for yourself and the people you love. Dedicated to your family’s health, wealth, and happiness, A local attorney, father, and CASA volunteer (Court Appointed Special Advocate for Children), Marc Garlett is on a mission to help parents protect what they love most. His office is located at 49 S. Baldwin Ave., Ste. G, Sierra Madre, CA 91024. Schedule an appointment to sit down and talk about ensuring a legacy of love and financial security for your family by calling 626.355.4000 or visit www.GarlettLaw.com for more information. WINTER SALE! For over 30 years the Book Rack has been what a bookstore looks like in a childhood memoryfilled up and down ,.vith old and new volumes, staffed by people who love and know books. Certainly there is a variety: new and used paperbacks(in great condition), used hardbacks, Fiction, Non-Fiction, Western, Classics, Children’s, Sci-Fi, and Romance. The staff are very helpful in finding the book you want, as well as selecting the perfect gift for someone special. Special services include, a hardback rental service, and a book trade-in service (Some conditions apply of course, but you can trade in old books for store credit!) Located on the corner ofS. l st Avenue and Bonita, Arcadia, Ca., open daily Mon-Sat 1 Oam-6pm and Sun 11 am -4pm. If you’re a book collector, an avid reader or just hungry for a good deal, then don”t miss THE BOOK RACK’S WINTER SALE going on NOW thru January 5th• We’d like to hear from you! What’s on YOUR Mind? Contact us at: editor@mtnviewsnews.com or www. facebook.com/mountainviewsnews AND Twitter: @mtnviewsnews Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com | ||||||||||||||||||||