Georgia Financial POA

Managing your money can get tricky, especially as you get older or if you’re dealing with health issues. It can be hard to keep track of everything, from looking after your savings to paying your bills. But there’s no need to worry. Our team of friendly financial power of attorney experts is here to help you out. We’ll explain things clearly and make sure everything is taken care of just the way you want it. Sign up for a free chat with us today, and let’s make managing your money easier and safer for you.

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What Is Financial Power Of Attorney In Georgia?

A Georgia financial power of attorney is like giving someone a key to handle your money affairs.

This person is called your agent.

They can do things like:

  • pay your bills
  • look after your savings
  • make decisions about buying or selling things for you

This POA is useful when you’re not able to take care of these things yourself.

Some common reasons for setting up a financial POA are that you’re:

How much your agent can do depends on what you decide:

  • Broad Power: They can manage almost everything about your money.
  • Limited Power: You set limits, like only letting them sell a house or manage certain accounts.

When they can start doing this also depends on your choice:

  • Starts Right Away: They can begin handling your finances immediately.
  • Starts in the Future: You decide a specific time when they can start.
  • Conditional: They only start if something specific happens. This would be like if you get too sick to manage your own finances.

It’s really important to pick someone you really trust for this job.

They’ll have a lot of control over your money.

Also, the rules about how to make this agreement are different in different places.

So, it’s important to set it up the right way for Georgia.

Types Of Financial Power Of Attorneys

You can set up your financial power of attorney in different ways.

Meaning that they:

  • go into effect at different times, or;
  • have different levels of authority. 

Here are the different types of financial POAs that you can choose from:

  • General POA: This one lets someone handle all your money matters.
  • Durable POA: Stays in effect if you can’t make decisions yourself.
  • Springing POA: Only starts if something specific happens, like if you become unable to make decisions.
  • Limited POA: For just certain money tasks, like selling a house.


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“The team at Hive is always proactive, they stay on top of things, and are very thorough. They took the time to explain all my options, asking questions on things I had not considered, helping to make the best decisions for me.”

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“I recommend this place. I had some issues filling it out and they were helpful and talked me through everything.”

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“I was so impressed with their professionalism and clear and prompt communication that I decided to use their estate planning services as well.”

What Does A Georgia Financial POA Do?

Ok, but what all can a financial POA do? 

You can let the agent do all kinds of things, like:

  1. Bank Stuff: Like opening new accounts or handling the money in them.
  2. Pay Bills: They can pay all your bills, such as electricity, house rent, or loans.
  3. Handle Your Investments: This means they can buy, sell, or take care of things like stocks or bonds.
  4. Deal with Taxes: They can fill out and send your tax forms.
  5. Manage Your Properties: They can make decisions about buying, selling, or taking care of houses or land you own.
  6. Get Your Money: This includes collecting things like Social Security, pension, or other money you’re supposed to get.
  7. Handle Legal Matters: If there’s a legal issue, they can take care of it for you.
  8. Insurance: They can buy, change, or cancel insurance policies for you and deal with insurance companies.
  9. Plan for the Future: They can make decisions about your will or trusts.
  10. Take Care of Your Business: If you have a business, they can manage things there.
  11. Personal Stuff: Like hiring people to help around the house or for personal care.

In your POA documents, you can specify exactly what they are allowed to do. 

i.e., you can give them POA ONLY for signing on selling a house. 

Or, you can give them broad powers that let them handle ALL of your affairs. 

Fill out the form on this page to talk to a Georgia estate planning attorney

Read More: How To Get Power Of Attorney For An Elderly Parent In Georgia

How To Get Financial Power Of Attorney

So, now you know that you need a POA. 

The next step is figuring out how to get one.

To get a financial POA, you should:

  1. Choose Someone You Trust: Pick a person you trust to handle your money.
  2. Decide What They Can Do: Think about what you want this person to do with your money. Like, can they pay your bills or take care of your bank account? Be clear about this.
  3. Find the Right Form: Get a Financial POA form that works in Georgia. You can find these forms online here.
  4. Fill Out the Form: Carefully write down all the needed information on the form. This includes your details and what your agent is allowed to do.
  5. Sign the Form: You need to sign this form in front of a notary public and two witnesses. 
  6. Make Copies: Once it’s all signed, make a few copies. You’ll need to give these to your agent and maybe your bank or other places.
  7. Tell People: Let your bank and anyone else who needs to know about this new power of attorney.
  8. Check It Sometimes: Things change, so it’s good to look at your power of attorney now and then to see if it still works for you.

It’s a good idea to talk to an estate planning lawyer to make sure:

  • you’re doing everything right
  • that it fits what you need

Fill out the form on this page to talk to an attorney. 

Read More: How To Revoke Power Of Attorney In Georgia

FAQs About Financial Power Of Attorneys

These are other questions that clients ask us about POAs. 

How Much Does It Cost To Get A POA In Georgia?

A POA in Georgia ranges from $350 – $750. 

This depends on the attorney you use and the complexity of your situation. 

You can also get a DIY POA online, fill it out yourself, and it can be free.

How Long Is A Power Of Attorney Good For In Georgia?

In Georgia, a financial POA lasts as long as you want it to, unless you put an end date on it.

But, if the person who made the POA dies, then the POA stops working right away.

Also, you can cancel your POA anytime if you’re still able to make decisions.

Note that if it’s a Durable POA, it keeps working even if you get too sick to make decisions. 

Can Power Of Attorney Write Checks After Death?

No, a Power of Attorney can’t write checks after the principal has passed away. Here’s why:

  1. Stops When the Person Passes Away: The Power of Attorney is only good while the person is alive. It stops working the moment they die.
  2. Someone Else Takes Over: After the person dies, an executor manages their stuff. If there’s no will, the court picks someone to do it.
  3. Special Rules: The executor takes care of the deceased person’s money and property. This includes paying any debts and giving out what’s left to the right people.

Can A Power Of Attorney Transfer Money To Themselves?

Yes, a power of attorney can transfer money to themselves.

But there are strict rules, like:

  1. Must Do What’s Best for the Other Person: A POA has to do what’s best for the principal, not what’s best for themselves.
  2. Needs Clear Permission: The POA must clearly say they can move money to their account. This is not very common.
  3. Be Careful: Let’s say a POA moves money to themselves without clear permission. It could be seen as stealing or misusing their power. This can get them into legal trouble.
  4. Keep Records: Keep good records of the financial transactions. Also, keep detailed notes.
  5. Get Legal Advice: Talk to a lawyer first to make sure it’s okay. We will tell you if you can move money to yourself.

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We are a local, family-owned, Atlanta elder law firm. Melissa went to John Marshall Law School in downtown Atlanta. We moved to Alpharetta after law school in 2017. After that, we moved to Suwanee to follow Shawn’s engineering job. Then, we settled down in Buford after having our first child. Now, we have two little ones. We spend the weekends going to Gwinnett County parks with our friends and kids, going to Jaemor and the Suwanee farmer’s markets to support local farmers, and camping/hiking at Lake Lanier with the kids. Thanks for joining and supporting our local family business!

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