Shannon Pawley, The Estate & Asset Protection Law Firm Owner clarifies and elaborates on the important Powers of Attorney roles when creating an estate plan.

DECATUR, GA, March ••, 2024: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Functions Of Powers of Attorney For Healthcare And Financial Decisions.” Ms. Pawley highlights the types of decisions POAs are authorized to make.

“When you begin the process of creating an estate plan,” Pawley writes, “one of the most important decisions you’ll make is the assignment of Powers of Attorney (POA) for healthcare and financial decisions should you be rendered unable to make decisions for yourself.” She continues, “When I work with clients, I go over all the possible scenarios needing consideration when making this kind of decision. I also go in depth on the types of decisions that can and cannot be made by those to whom you assign Powers of Attorney.”

Pawley acknowledges, “It’s important to remember that specific instructions will be put in writing defining the duties and responsibilities of each POA. Legally there are things a POA cannot do, for instance, the assigned POA cannot transfer his or her responsibility to another person at any time.” She adds, “The financial POA has a fiduciary responsibility to act in your best interest, and they cannot make decisions before the document comes into effect.”

As Pawley notes, “When selecting both, a healthcare and a financial POA, you must trust that person implicitly. Of course,” she adds, “whoever you select must agree to take on the responsibilities. This is the person (or persons) who will take over your medical care, financial management, possibly business responsibilities, and more. Understanding the rights and limitations of the Power of Attorney clarifies expectations as you navigate this process.”

The entire blog can be read by CLICKING HERE

About The Estate & Asset Protection Law Firm

The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.

About Shannon M. Pawley, J.D., LL.M

As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.  We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it.  In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101^st United States Congressional Session in Washington, D.C.  This experience exposed her to numerous new cultures and worldly issues.  Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.

Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law.  After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.