Powers of Attorney in Arizona (1) - PowerPoint PPT Presentation

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Powers of Attorney in Arizona (1)

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Title: Powers of Attorney in Arizona (1)


1
Powers of Attorney IN ARIZONA
Different Types
2
Durable Powers
3
What Is A Durable Power of Attorney?
4
A durable power is one that gives your agent the
right to act even after you have become
incapacitated
5
Agents under non-durable powers lose their
authority if you lose your capacity
6
Springing Powers
7
What Is A Springing Power?
8
A springing power of attorney is one that gives
the agent the authority to act only after
certain events take place
9
Most springing powers take effect after the
principal has become incapacitated, or after a
doctor has declared the principal incapacitated
10
Revocation
11
How Long Will My Agent Serve?
12
For as long as you wish
13
As long as you remain mentally competent you can
fire your agent at any time
14
Death
15
What Happens After I Die?
16
Your agents ability to represent you
automatically terminates when you die
17
If you want someone to represent your estate, you
will need to create other estate planning tools,
such as a revocable living trust or a last will
and testament
18
Learn More About Powers of Attorney In Arizona
19
Deason Garner Law Firm 242 W. 28th Street, Suite
A Yuma, AZ 85364 928-783-4575 Offering FREE
Monthly Seminars about Estate Planning!
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