Durable Powers of Attorney
What is a Durable Power of Attorney?
A durable power of attorney is a legal document that gives someone you trust the authority to make decisions on your behalf if you become incapacitated. This can include making financial decisions, medical decisions, or any other type of decision that you would normally make for yourself.
Why Do I Need a Durable Power of Attorney?
There are many reasons why you might need a durable power of attorney. Some of the most common reasons include:
If you become unable to make decisions for yourself due to an illness or injury.
If you are traveling and will be away from home for an extended period of time.
If you are going to be in a situation where you may be unable to make decisions for yourself, such as if you are going to have surgery.
If you want to make sure that someone you trust can make decisions for you if you become incapacitated.
How Do I Get a Durable Power of Attorney?
You can get a durable power of attorney from an attorney. The cost of a durable power of attorney will vary depending on the complexity of the document and the fees charged by the attorney.
What Should I Include in My Durable Power of Attorney?
Your durable power of attorney should include the following information:
The name of the person you are appointing as your attorney-in-fact.
The specific powers you are giving your attorney-in-fact.
The date your durable power of attorney will take effect.
The date your durable power of attorney will end.
What Happens If I Don't Have a Durable Power of Attorney?
If you don't have a durable power of attorney, and you become incapacitated, your family may have to go to court to get someone appointed to make decisions for you. This can be a time-consuming and expensive process.
Conclusion
A durable power of attorney is an important estate planning tool that can help ensure that your wishes are carried out if you become incapacitated. If you don't have a durable power of attorney, I encourage you to get one as soon as possible.
