Hubbard and Hubbard - Attorneys, Elyria OH

Frequently Asked Questions

Probate and Estate Planning
What is a Will?
What is a Living Will?
What is a Power of Attorney?

A Power of Attorney, sometimes referred to as a financial power of attorney, is a document which allows another person (your "Agent") to act on your behalf. A power of attorney can be general enough to allow your agent to act on your behalf in almost every instance, or can be very specific only allowing the agent to transact specific types of business, such as sign checks on your checking account or complete the purchase or sale of a home. You can limit your Power of Attorney to a short period of time, or when you are unconscious, depending on how it is drafted. A person holding a “power of attorney” can act for you, but it does not limit your ability to act on your own behalf. It is something to be considered when you will be out of town or unavailable to transact your own business, or if you fear that you may some day have limited capacity to act for yourself.

What is the difference between a durable and non-durable Power of Attorney?
Can I give a Power of Attorney to multiple people at the same time?
What is a Medical Power of Attorney?
What is Probate Property?
When should you begin your estate plan?
When should I have my estate plan reviewed?