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January 2017

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THE VALLEY BUSINESS JOURNAL<br />

14 www.TheValleyBusinessJournal.com<br />

<strong>January</strong> <strong>2017</strong><br />

When Do I Need a Power of Attorney?<br />

by LEGAL Andrea Shoup<br />

by<br />

Andrea by Shoup<br />

Steve Fillingim<br />

Many people have heard the term<br />

‘power of attorney’ but have questions<br />

about when it is needed, and under<br />

what circumstances. A power of attorney<br />

(POA) grants a family member or<br />

other trusted individual the ability to<br />

make financial or healthcare decisions<br />

for you as your ‘agent’. This responsibility<br />

can be as broad or narrow as<br />

you wish to make it, and the POA will<br />

contain all of the specifics.<br />

Often, a POA can be in place immediately<br />

or be triggered when you<br />

become incapacitated through illness<br />

or injury, but it could also be used if<br />

you are traveling out of the country<br />

and need to have your affairs handled<br />

if you are unavailable.<br />

While incapacity may seem like a<br />

remote possibility for healthy adults,<br />

there is always the risk that you are unable<br />

to make decisions, even for a short<br />

time. The POA is a wise planning tool<br />

for those who want to decide who will<br />

step in to make financial and health care<br />

decisions, especially for significant<br />

financial or business interests, young<br />

children or other responsibilities.<br />

What are the Different Types of<br />

POAs?<br />

There are different types of POAs<br />

that can be used depending on your<br />

circumstances and how long it could<br />

be in effect, and your estate planning<br />

attorney can tell you which might be<br />

most suitable.<br />

General POA - General POAs can<br />

cover the full range of personal or legal<br />

responsibilities, and can include buying<br />

and selling property, filing tax returns or<br />

handling banking transactions.<br />

Limited POA - A limited POA is<br />

just that, restricted to a specific area or<br />

decision, such as a single financial transaction<br />

or to manage business interests<br />

for a short period of time.<br />

Healthcare POA - This may be<br />

most well-known POA. The POA<br />

gives the agent the duty to make medical<br />

decisions on your behalf if you are<br />

unable or unconscious, according to the<br />

specific medical care directives of your<br />

living will.<br />

Durable POA - Durable POAs<br />

are still in effect if you are incapacitated.<br />

The ‘durable’ aspect of this POA<br />

means that if you are unable to act on<br />

your own behalf, your agent can make<br />

decisions regarding your medical care<br />

or other personal and financial matters,<br />

depending on how you drafted the POA.<br />

If you have questions about how a POA<br />

can be used in your estate and life planning,<br />

please contact Attorney, Andrea<br />

Shoup at 951-445-4114.<br />

Temecula Passes Measure S<br />

On December 6th, the Riverside<br />

County Registrar of Voters certified the<br />

passage of Measure S, the City of Temecula’s<br />

9-1-1 Emergency Response, Public<br />

Safety, and Vital Services Measure.<br />

“Residents gave us our direction.<br />

It was an important decision for the<br />

community to make. We look forward<br />

to continuing to work with the community<br />

to maintain essential services and<br />

fiscal stability, despite ongoing State<br />

takeaways,” said Mayor Mike Naggar.<br />

“Measure S helps ensure Temecula remains<br />

a desirable place to live, work and<br />

do business,” continued Naggar.<br />

Measure S establishes a one-cent<br />

sales tax to maintain essential city services<br />

including police and fire protection,<br />

school safety patrols, traffic mitigation,<br />

and youth, senior and disabled services,<br />

amidst $31 million in State takeaways<br />

over the last 5 years.<br />

Measure S includes strict accountability<br />

provisions, including annual independent<br />

financial audits, public review of<br />

expenditures, and ensures that all funds<br />

remain in Temecula and cannot be taken<br />

by Sacramento. These fiscal safeguards<br />

ensure local funds continue to be used<br />

efficiently and effectively for local needs.<br />

For more information about Measure<br />

S, please visit www.cityoftemecula.org/<br />

MeasureS.htm<br />

www.cityoftemecula.org/MeasureS.htm<br />

“<br />

“Residents gave us our direction.<br />

It was an important decision<br />

for the community to make.<br />

We look forward to continuing<br />

to work with the community to<br />

maintain essential services and<br />

fiscal stability, despite ongoing<br />

State takeaways,” said Mayor<br />

Mike Naggar.<br />

“Measure S helps ensure Temecula<br />

remains a desirable place<br />

to live, work and do business,”<br />

continued Naggar.

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