Springing Power of Attorney

A Springing Power of Attorney is a legal document that grants someone (the agent) authority to act on your behalf only if a specific event occurs, typically your inability to manage your affairs. It "springs" into effect at that time, rather than being active immediately. This arrangement provides flexibility and control, ensuring your finances and decisions are handled by someone you trust only when necessary, such as if you become incapacitated. It must be carefully drafted to specify the triggering event and often requires legal advice to ensure it functions as intended.