Powers of attorney can be a helpful tool for people of all ages. Whether you’ve been diagnosed with a disease that could make it difficult for you to function in the future, or you’re just planning some extended travel outside of the country, a power of attorney can help you make sure that your affairs will be handled even when you cannot handle them yourself.
What is a power of attorney?
A power of attorney is a type of legal document that you can use to authorize someone else, called an “agent (whether it’s an individual or an organization) to make decisions on your behalf and represent you in your affairs.
Who needs a power of attorney?
Establishing a power of attorney is a good idea for nearly everyone. Although it’s scary to think about, anyone could be in an accident that leaves them suddenly incapacitated. If you’re in a coma, who will manage everything that you have going on?
Are there different types of powers of attorney?
Yes. There are different types of powers of attorney that grant the person or organization in question different levels of powers regarding different matters, from business to finance to healthcare.
I’ve heard the adjective “durable” used in association with powers of attorney. What does that mean?
A durable power of attorney is any power of attorney that includes a durability provision. The durability provision makes sure that the document stays valid if you suffer from illness or an accident that incapacitates you.
How do I choose who to appoint as my “agent”?
Your agent should be someone you trust to act in accordance with what you want. Many people choose to appoint a relative or a close friend. They need to know and understand your wishes as well as your values relating to whichever part of your affairs you are giving them to manage. For example, the agent of your healthcare power of attorney should know how you feel about things like being kept on life support.
Who can help me set up powers of attorney?
To properly set up powers of attorney, you will need the guidance of an experienced estate planning attorney. The team at ElDeiry & ElDeiry, P.A. is here to help. If you’re ready to protect your future, give us a call at (954) 670-2800. We look forward to hearing from you!
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