Wake Forest Estate Planning Attorney: Durable Power of Attorney
What is a durable power of attorney?
We've talked about healthcare power of attorney, and we also talked about how it may differ from a regular power of attorney. However, if you think you need to have a durable power of attorney written up, be sure to read this post and contact our Wake Forest Estate Planning Attorney with questions.
A durable power of attorney allows a senior citizen to assign an "agent," to handle detailed health, legal and financial responsibilities. The agent may be an appointed party, friend, family member, or spouse.
These documents should be prepared long before an elder begins to have trouble handling certain aspects of life. In fact, you should be capable of deciding to seek assistance, before actually needing a durable power of attorney. Should you choose to have a durable power of attorney written up during a time in which you have developed Dementia or Alzheimer’s, you may not be considered “sound of mind”, and therefore, unable to appoint a durable power of attorney. Any documents written at this time may not hold up in a court of law.
Durable powers of attorney are written so that the transfer of responsibilities might occur immediately, just as they do with a trust. You may also have the choice of appointing a time in which the durable power of attorney takes place. If you can care for yourself and your responsibilities at the time the document is created, you can place a specific time or situation in the document, in which the durable power of attorney takes over. Your Wake Forest estate planning attorney can help explain the complex details of each situation.
Lawyer in Wake Forest, NC | Estate Planning
If you need a durable power of attorney written up, it’s a good idea to contact an estate planning attorney. All of the aspects that might need to be included in the durable power of attorney can be documented by contacting Eldreth Law Firm, PLLC. Our lawyer in Wake Forest NC is trustworthy and will ensure you understand the process and limitations. For more information, be sure to visit our website, www.eldrethlaw.com.
