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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.
We run out of free consultations every month. Sign up to make sure you get your free consultation. (Free $350 value.)
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:
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:
When they can start doing this also depends on your choice:
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.
You can set up your financial power of attorney in different ways.
Meaning that they:
Here are the different types of financial POAs that you can choose from:
“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.”
“I recommend this place. I had some issues filling it out and they were helpful and talked me through everything.”
“I was so impressed with their professionalism and clear and prompt communication that I decided to use their estate planning services as well.”
Ok, but what all can a financial POA do?
You can let the agent do all kinds of things, like:
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
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:
It’s a good idea to talk to an estate planning lawyer to make sure:
Fill out the form on this page to talk to an attorney.
Read More: How To Revoke Power Of Attorney In Georgia
These are other questions that clients ask us about POAs.
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.
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.
No, a Power of Attorney can’t write checks after the principal has passed away. Here’s why:
Yes, a power of attorney can transfer money to themselves.
But there are strict rules, like:
We run out of free consultations every month. Sign up to make sure you get your free consultation. (Free $350 value.)
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!
Need to keep your money and property safe? We help make sure your hard-earned assets are protected. Our team knows how to create plans that guard against lawsuits and creditors. We work to keep your wealth safe for you and your family’s future.
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