Do You Need A Durable Power Of Attorney?
Littman Family Law is here to assist you in anticipating those difficult times in your life when illness or injury means a disruption of your ability to perform the normal and customary daily life decisions. We suggest that you consider creating powers of attorney for both medical and financial purposes as this can alleviate stress and confusion when you are not able to make these decisions for yourself.
A durable power of attorney is often created in the estate planning process. It is a valuable tool to make sure that loved ones and family will have a firm plan for preserving assets in the event a person becomes incapacitated and unable to make their own decisions.
What Is A Durable Power Of Attorney?
A power of attorney is a document, which allows you to designate an agent — often a spouse, close family member or trusted friend — to act in your place. It usually applies only in the event your become unable to make your own decisions.
Which Decisions Can Be Made With A Durable Power Of Attorney?
The document can be drafted to grant decision making authority in all major areas of your life, or may be limited to include only specific issues. For example, you may authorize your agent to sell your house for you. Typically, a durable power of attorney allows your agent to make all financial and medical decisions.