By default, Wealth.com financial power of attorney (FPOA) documents are typically set to be effective immediately. This should be clearly stated in the PDF version you generate for review. In some cases, individuals may have the option to request that the FPOA become effective only upon incapacity—this is often referred to as a "springing" power of attorney.
Whether this option is available can depend on the state in which the document is being executed, as state laws vary on how springing powers are handled. If allowed, Wealth.com may provide a way to request this through a “Special Instructions” section or similar field within the document PDF (this is to be filled out after printing). So the method of making that choice can vary in the states where it is available. If available, you will typically see a checkbox for this selection in the PDF itself.
People often choose between immediate and springing authority based on their personal preferences and needs. It's important to be aware that using a springing power may involve specific legal or procedural requirements, such as demonstrating incapacity with documentation. These requirements can sometimes introduce delays or complications.
If you're unsure about which option is right for your situation or how your state handles these designations, consider speaking with a qualified estate planning attorney who can provide guidance based on your individual needs and local laws.