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Power of Attorney.
A power of attorney is the document that lets someone you trust handle your financial affairs if you're unable to handle them yourself, whether temporarily, like during a long hospital stay, or permanently, due to cognitive decline. Without one, your family may have to go through your states' guardianship court to get the authority they need.
Types of Power of Attorney
Not all powers of attorney are created equal. The type you need depends on your situation, how much authority you want to grant, when you want it to take effect, and how specific the task is. Your state recognizes three main forms.
Durable Power of Attorney
Stays in effect even if you become incapacitated. This is the version most estate plans need, because the whole point is to have someone authorized when you can't act yourself.
Springing Power of Attorney
Only takes effect if and when a triggering event occurs, typically a doctor's determination that you're incapacitated. Offers more privacy upfront, but can be slower to activate when needed.
Limited (Special) Power of Attorney
Authorizes a specific person to handle a specific task, like closing on a property while you're out of state. Used for one-off situations rather than ongoing planning.
What a POA Lets Your Agent Do.
Depending on how it's drafted, a power of attorney can give your agent broad authority over your financial life, or be narrowly focused on a single task. The document can be broad or narrowly tailored to a specific situation, we help you decide what scope makes sense for your goals and the person you're naming.You control the scope. Common powers granted include:
Pay bills and manage bank accounts
File taxes on your behalf
Manage investments and retirement accounts
Buy, sell, or manage real estate
Apply for government benefits like Medicaid
Run a business you own
Why Banking Background Matters Here.
A POA only works in the real world if banks and financial institutions actually accept it. After 23 years as a Vice President and Branch Manager in retail banking, Rick has seen exactly which forms get rejected at the teller window and which ones don't. Savon drafts every Nevada POA with that practical reality in mind.
How Savon Handles It
We sit down with you, talk through who you trust and what authority makes sense to grant, and draft a POA tailored to your situation. We also coordinate the document with your trust, will, and medical directives so the whole plan works together, not as disconnected documents, but as a unified estate plan.
Every step is handled personally by Rick. No handoffs, no junior staff, just one experienced advisor walking you through the process at a pace that makes sense for you.
Frequently asked questions.
Q.
Who should I name as my agent?
Someone you trust completely, usually a spouse, adult child, or close family member, who is responsible with money and willing to act on your behalf. We always recommend naming a successor agent in case your first choice is unavailable.
Q.
Can I revoke a power of attorney?
Yes, at any time, as long as you're mentally competent. We provide instructions on how to revoke it properly so the revocation is legally recognized by financial institutions.
Q.
Does a POA give my agent unlimited authority?
Only if you want it to. The scope is fully customizable. Savon helps you define exactly what your agent can and cannot do, giving you control over how much authority you're granting and under what circumstances.
Q.
What happens without a power of attorney?
If you become incapacitated without a valid POA, your family may need to petition the Nevada court for guardianship or conservatorship, a process that is costly, time-consuming, and public. A properly drafted POA prevents that entirely.
Q.
Is a POA the same as a healthcare directive?
No. A financial POA covers financial and legal decisions. A healthcare power of attorney (also called a healthcare proxy) covers medical decisions. Savon can help you establish both as part of a complete estate plan.
READY WHEN YOU ARE
Ready to protect what matter?
The best time to plan your estate is now, while you have the time to do it right. Schedule a free, no-pressure consultation with Rick and find out exactly what your family needs.
Affordable estate planning for Nevada families. Trusts, wills, powers of attorney, and more, at a fraction of attorney fees.
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