Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Where should I store my power of Attorney in Delaware County?

Posted on Tue Apr 7, 2015, on Power of Attorney

From our “Ask a Question” Mailbag: Power of Attorney Storage and Safekeeping in Delaware County

Most Recently Updated July 13, 2018

“I have signed a General Power of Attorney giving my daughter the power to act for me, but I don’t want her to have it yet. I only want her to have it when (and if) I become unable to care for myself. Should I keep it in my safe deposit box? We both live in Delaware County, so she is close by.”

Power of Attorney Storage and Safekeeping in Delaware County

Power of Attorney Storage and Safekeeping in Delaware County

The problem with putting your General Power of Attorney in your safe deposit box is, if you become incapacitated, your daughter will likely be unable to get into the box. If you have died, there is a process to open the box… but it is much more complex if you are alive, but incapacitated.

You could put her name on the box, but that runs contrary to your wish. If her name is on the box, she can get to the General Power of Attorney at any time. This is a common problem.

What We Do

Our answer is to allow our clients to keep their Durable Powers of Attorney in our Will safes, free of charge. We would have you sign a document stating that you only want us to release your Power of Attorney to your daughter if you have become incapacitated.

If your daughter comes to our office to obtain your Power of Attorney, we would then ask your location and how to contact you. Normally, the Agent directs us to a hospital where we can confirm that the client has become incapacitated.

What if we learn that you are NOT incapacitated?

We then release the Power of Attorney and the Agent is then free to use it to care for the client. BUT, every so often we find out that our client is, in fact, not incapacitated. In those cases, the Power of Attorney was kept out of the hands of an Agent who might have otherwise used the Power of Attorney to embezzle or steal from our client.

If you would like to store your Power of Attorney with us, please feel free to contact me.

More Planning Questions?

Power of Attorney Storage and Safekeeping in Delaware County is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Power of Attorney Storage and Safekeeping in Delaware County

I hope that this article was helpful in explaining the importance of safekeeping a power of attorney. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

Tags:

Delaware County, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Pennsylvania, Power of Attorney

Peter KlenkPeter Klenk

What Our clients are saying

Klenk Law Logo
Stars

Christopher F.

Peter explained things in a way that was easy to understand. Everything was done in the time frame he said it. Could not have been better!

Klenk Law Logo
Stars

Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.

Klenk Law Logo
Stars

A Google User

Peter Klenk was great in leading us in the estate planning process.He was clear in describing the various steps and what they would accomplish. We were well satisfied and pleased that we had Peter to guide us.

Klenk Law Logo
Stars

Sharon A.

We recently used Peter's firm to update our wills and trusts. We found he and his staff to be well-informed, professional and highly efficient. And equally valuable, Peter explains the law in terms that a layperson can readily understand.

Klenk Law Logo
Stars

Bill

I met Peter soon after he started his practice in Philadelphia, PA. He and his team have always been there for me and my various inquiries throughout my life-changing events, corporate relocations. I have lived in various cities throughout the nation, I have never had a problem in contacting Peter or a member of his team. He and his office responds quickly and returns calls to me to fulfill my requests for information or to revise my estate needs while posing relevant thought-provoking questions that I need to consider to secure my future. One of Peter's best qualities is his ability to answer clients complicated questions in a simple way to ensure comprehension.

Let us put our expertise to work for you.

Free consultation within 24 hours.