Understanding Powers of Attorney
Life is unpredictable and a power of attorney ensures your affairs stay in trusted hands if you can’t manage them yourself.
At Holt Legacy Law, we help Maryland residents create durable, customized powers of attorney that protect both financial and medical decisions.
What Is a Power of Attorney?
A Power of Attorney (POA) is a legal document that gives someone you trust, called your agent, the authority to act on your behalf.
There are two main types most families need:
1. Financial Power of Attorney
This document allows your agent to handle your financial matters, such as:
Paying bills and managing accounts.
Buying or selling property.
Handling tax filings and insurance.
Managing investments.
A well-drafted financial POA ensures your finances are protected and managed smoothly if you’re incapacitated.
2. Medical Power of Attorney (Advance Directive)
Also known as a Health Care Power of Attorney, this document allows your chosen person to make medical decisions for you if you’re unable to communicate your wishes.
You can include your preferences for:
Medical treatments you would or wouldn’t want.
Organ donation.
End-of-life care.
This guidance removes guesswork for your loved ones during difficult times.
Why Everyone Needs One
Without a POA, your family may need to go through guardianship court, which can be stressful, expensive, and time-consuming.
With one in place, your chosen decision-makers can act immediately, keeping your affairs stable and private.
How Holt Legacy Law Can Help
We prepare powers of attorney that are broad enough to cover what you may need but clear enough to prevent misuse. Every document is tailored to your specific situation and coordinated with your will and trust for complete protection.
Take Control of Your Future - Today
Don’t wait for a crisis to decide who should act on your behalf.
Schedule your free 30-minute consultation to create your financial and medical powers of attorney.
Prefer to speak with someone directly? Call us at (410) 864-6395. We’re happy to help.
