What is an Enduring Power of Attorney?
A Power of Attorney is one part of a comprehensive estate plan. An Enduring Power of Attorney is a written, signed, dated and witnessed document that gives someone else the right, while you are still alive, to act on your behalf with respect to your financial affairs.
For example, this document could allow them to pay bills, deposit and invest money on your behalf, deal with your taxes and even sell your home if you are not able to.
A Power of Attorney does not give someone authority to make decisions regarding your health care. If you want someone to help with health or personal decisions please contact us to make a Personal Directive.
Why should I make an Enduring Power of Attorney?
If you suffer a serious accident or illness you may become incapable of deciding financial matters for yourself or even taking care of the little things like paying bills or going to the bank. In this event, it may be advisable to authorize someone to act for you and your best interests in conducting your financial and property matters.
Who should make an Enduring Power of Attorney?
All adults should consider making a an Enduring Power of Attorney – You never know what life will bring.
Who should be my Attorney?
“Attorney” here does not mean lawyer. It is anyone you trust to act on you behalf who you believe will act in your best interests. It is often a spouse or adult child, but it can be any adult you choose.
When can my Attorney act on my behalf?
You can choose to have your Attorney be able to act on your behalf immediately, or not until you are unable to take care of your financial affairs.
Huff Law will discuss your particular situation with you so you can make the best decisions for you.