Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation

The different types of powers of attorney

Many Nevada residents have older parents who will likely need help managing money and making health care decisions as they age. One way to ensure that this will be handled properly is to suggest that they grant a power of attorney to a child, close friend or other trusted individual.

There are several different types of powers of attorney and each one grants different rights and responsibilities upon the person to whom it is given. They include springing, durable, financial and health care, and each one is designed to fulfill a specific purpose. Individuals who are interested in granting a power of attorney to a relative, friend or trusted individual should have a clear understanding of the various types and the powers and restrictions of each one.

For example, a durable power of attorney grants the agent the right to manage all or specified aspects of the principal's life. It goes into effect when it is signed and is only revoked upon the death or affirmative act of the principal. On the other hand, a springing power of attorney takes effect only in an emergency situation when the principal is not able to speak on his or her own behalf due to being incapacitated. Once the principal becomes able to act, the springing power of attorney is no longer in effect.

A lawyer with a background in estate planning might explain the various types of powers of attorney and help an individual determine which type is most applicable to his or her situation. There are strict state laws and regulations covering the execution and content of all types of powers of attorney that the lawyer will explain.

Source: Forbes Magazine, "When Should You Get Power Of Attorney For A Parent?", Eileen Beal, Jan. 7, 2015

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions