Craig P. Tiller, Esq., PLLC
Serving central Virginia For more than 25 years: 434-338-7093

October 2018 Archives

Powers of attorney offer many benefits but vulnerable to abuse

Regardless of their age, a Virginia resident could realize many benefits by creating a financial power of attorney. The individual can designate someone to take care of their finances under the conditions that they specify. Usually, a crisis, such as mental or physical incapacity, triggers the transfer of financial decisions from the principal to the agent. A person might alternatively choose to hand off financial decisions as soon as the POA is executed. For a person who no longer has the ability to manage money, a trusted agent named by the POA could prevent bills from piling up and other financial problems.

How to alter power of attorney instructions

A Virginia resident may find themselves in a position where they want or need to amend a power of attorney. This may be necessary if there is a need to change the name of an agent or alternate agent. The agent is the person who is granted the authority to make decisions on the estate owner's behalf as per the power of attorney document. In the event that changes need to be made, the document should be replaced as opposed to amended.

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Craig P. Tiller, Esq., PLLC

Office Location
15421 Forest Road
Suite D
Forest, VA 24551

Phone: 434-338-7093
Fax: 434-525-3302
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