A power of attorney is defined as a legal document that gives the person of your choice the power to act on your behalf. If you do not have a durable power of attorney and you become incapacitated, it becomes up to your relatives or family members to decide who will manage your affairs. When an individual is either ill or incapacitated, it is often necessary for someone to step in and handle the financial and/or healthcare decisions. To avoid leaving this decision up to a court, you need to obtain a power of attorney that gives the authority to make decisions to the person of your choice. Should you ever become incapacitated and unable to handle matters on your own, you’d want a durable power of attorney in place, so that the document stays in effect once you are incapacitated rather than becoming invalid, as ordinary powers of attorney do in the case of incapacitation. Although it is possible to have just one power of attorney document for both medical and financial power of attorney, it is not advisable.

The Two Kinds of Powers of Attorney

Medical Power of Attorney is a document that spells out your healthcare wishes in case you are ever too ill or too injured to speak for yourself

Financial Power of Attorney is a document that gives someone the authority to make financial decisions on your behalf.  For a durable power of attorney for finances, this individual can also make financial decisions for you if you become incapacitated in any way

You can find out more about the financial side of estate planning on our estate planning page.

You may not think that you need a power of attorney if you are married or have a living will or some other circumstance. However, a durable power of attorney will make everything easier for your family should you ever become incapacitated. Some institutions can even refuse to work with a spouse without a valid power of attorney document in place, and a living trust is not a complete substitute for a durable power of attorney for finances. Incapacitation or death of a family member is quite traumatic, and for something this important it is in you and your family’s best interest to obtain the assistance of an attorney experienced with power of attorney legal services.

Related Posts
How to check your landlord?
Just as the landlord screens the tenants, you should also check out your landlord. Your landlord wants to know if you are diligent in paying the rent. You should also ...
READ MORE
How to get rid of illegal rent?
There are a lot of abusive landlords out there and you best be careful you wouldn't be robbed off blind by one. When renting a unit, you must get everything ...
READ MORE
House Buyers: What should a property attorney do for you
The exercise place of residence and residence law deals with a variety of relevant problems, including the following: privileges and interests in residence and actual property; sales, buys and other exchanges of ...
READ MORE
Defenses: Most often raised to drunk driving charges?
Drunk Driving is the act where in the driver drives the vehicle under the influence of alcohol or drugs. This is to such an extent that the person does not ...
READ MORE
Landlord cancel agreement: when and how?
A landlord can legally cancel the rental agreement if the tenant commits a significant violation or break the law. Ending “For Cause” When the landlord wants to end the tenancy due to ...
READ MORE
Chapter 7 Bankruptcy
If you go for Chapter 7 bankruptcy, you may have a lot or all of your debts canceled. On the other hand, you might need to sell some or all ...
READ MORE
Important part in your dui case
You might not agree with the results of the police report for your DUI case the first time you see it. The report contains the results of the field sobriety ...
READ MORE
What are the Dos and Don’ts when you are not able to pay rent on time
You don’t have to worry about getting evicted if you can’t pay rent on time. You won’t, not right away at least. It’s inevitable to run short on funds. It’s ...
READ MORE
Drunk Driving
Drunk Driving is the act where in the driver drives the vehicle under the influence of alcohol or drugs. This is to such an extent that the person does not ...
READ MORE
Too many people living in single rental unit….what to do?
Defining how many people can live in a rental unit is one of the biggest problems that some landlords have to face. The legally defined specifics vary per state. This ...
READ MORE
How to check your landlord?
How to get rid of illegal rent?
House Buyers: What should a property attorney do
Defenses: Most often raised to drunk driving charges?
Landlord cancel agreement: when and how?
Chapter 7 Bankruptcy
Important part in your dui case
Not able to pay rent on time? Dos
Drunk Driving
Too many people living in single rental unit….what