Power of Attorney
Virginia power of attorney forms allow a person to choose someone else to represent their best interests and make decisions on their behalf. The most common types related to financial and medical matters but the form can be to elect any person to represent someone’s affairs for any legal action. A power of attorney can last for a temporary time period or the entire life of the principal.
A power of attorney form allows an individual (principal) to appoint an agent (attorney-in-fact) to make decisions and handle affairs on their behalf. An agent can handle a wide range of matters, including financial, medical, guardianship, or tax-related duties (depending on the powers granted).
Advance Medical Directive – This allows you to appoint another to make health care decisions and communicate with your medical providers on your behalf in the event you can no longer communicate your wishes competently.
Durable (Financial) Power of Attorney – This type is for use when you want to have someone in place to handle your financial matters. Because this type stays in effect even after you can no longer make your own decisions, many use this for long-term planning purposes.
General (Financial) Power of Attorney – This is similar to the durable form because it allows you to appoint someone to handle your financial affairs. However, it is different from the “durable ” form in that it automatically becomes void if you become incapacitated.
Limited Power of Attorney – This can be used in discreet, limited situations of your own choosing. You can write with specificity how and when you want your agent to act.
Minor (Child) Power of Attorney – Allows a parent to select a family member or close friend to take responsibility for the health-care, well-being, and education of their child.
Real Estate Power of Attorney – Select a representative to handle the sale, management, or purchase of real property for a specified period of time or on a durable basis.
Revocation of Power of Attorney – This form is to revoke any type of power of attorney that you may have entered into in the past.
Tax Power of Attorney (Form PAR 101) – You can use this when you want a tax professional to handle your dealings with the tax authority in Virginia.
Vehicle Power of Attorney (Form VSA-70) – This form is for use when you wish to designate a representative to act for you with regard to the Virginia Department of Motor Vehicles.
A last will and testament or will is a legal document that records how an individual (testator) chooses to distribute property, care for children, and make special wishes after their death. It should include a personal representative (executor), which is a trusted person put in charge of making sure the estate is distributed in accordance with the will.
A living will or health care directive allows a person (principal) to create end-of-life treatment preferences. The main purpose of a living will is used to direct medical staff on whether to provide or remove life-sustaining procedures.
A living will only becomes effective if a person is deemed to have a terminal or incurable condition.