Power of Attorney Advice from an Elder Law Attorney
While making decisions about who will be the agent for your power of attorney is difficult both logistically and emotionally, it is extremely important from the perspective of an elder law attorney that you begin planning for these things as soon as possible. The worst thing that can happen is that you should become ill or incapacitated before you’ve named someone to take care of your affairs.
When you choose an elder law attorney from Davidson Law Group to help you with your affairs, including naming a power of attorney, you choose the best estate, elder, and probate law firm in Texas. Here, a Davidson elder law attorney discusses some of the basic things you should be aware of when it comes to selecting a power of attorney.
What is a Power of Attorney?
Someone who possesses your power of attorney is able to act on your behalf in legal and financial matters. That is, they have power over your estate and assets. There are a handful of types of power of attorney, but the ones which receive a lot of attention are the durable power of attorney and the medical power of attorney.
The durable power of attorney is considered “durable” because it continues in effect even if the principal (the person whose estate is in question) becomes incapacitated due to injury, illness, or coma.
The medical power of attorney is the power to make a principal’s medical decisions in the event that they become incapable of doing so.
Related Post: What Does Power of Attorney Really Mean?
Selecting a Power of Attorney
This process can be hard if it is your first time having to make these considerations. Thankfully you can enlist the help of an elder law attorney from Davidson Law Group who has been through the process multiple times. Because we advocate for proactive estate planning, we also advise that our clients spend ample time making the decision of who may become their medical or financial power of attorney. The considerations for each differ, but some general rules apply:
- Select someone you know will hold your best interests in mind.
- Select someone who has made sound and reasonable financial and medical decisions in the past.
- Select someone who you have known for a significant amount of time.
- Select someone who also has a friendly relationship with your family.
While these are not rules so much as useful guidelines, they can help steer anxious clients in the proper direction toward making a decision.
Related Post: Types of Power of Attorney
Consult with an Elder Law Attorney from Davidson Law Group
You can make your best preparations for the future, but without the help of someone who has worked on the legal end of such preparations for years, you may struggle. Don’t let difficult decisions delay your readying your affairs. Contact an elder law attorney from the Davidson Law Group today to set up a free consultation.