What Does It Mean to Elect a Power of Attorney?
Published on September 10, 2017 by Muenter Law
Getting older involves more than just additional candles on your birthday cake; it also requires you to take a serious look at the legal protections that you have in place for the remainder of your life. For most Americans, some type of illness, injury, or incapacitation is likely before death, and it is essential that you plan for all the potential “what-if” scenarios so that your own unexpected problems don’t cause you to lose everything you have worked for. Power of attorney is one of many considerations you should make; it’s never too early!
Defining Power of Attorney
A power of attorney is a legal document that grants one person (called the agent) the power to act on behalf of another person (called the principal). Since a power of attorney can be structured in many different ways, the agent can have power that is unlimited, very limited, or anywhere in between. In most cases, the agent is responsible for making legal decisions about the principal’s finances, medical care, or estate when the principal is injured, ill, or otherwise unable to make decisions. Any trusted adult can be appointed as power of attorney, like a spouse, friend, or relative.
Use Power of Attorney to Plan for Long-Term Care
While some power of attorney is narrow in nature, like granting a family member power of attorney to sign the deed to your new house if you are unable to attend your closing, power of attorney must also be used to consider your long-term care. This is known as durable power of attorney, because it remains effective even if the principal becomes mentally incapacitated and cannot give the agent instructions or guidelines. If you take the time to select your power of attorney and determine the scope of power and control your agent can have during your lifetime, you can rest assured that your affairs will still be maintained in any unexpected or emergency situation.
Create Your Own Power of Attorney Documents
Selecting the terms of your power of attorney is a serious matter, so you need the best and most experienced help to draw up your documents. Attorney Kimberly K. Muenter is an Elder Law attorney who serves residents of Tampa, Florida with comprehensive power of attorney services. You can work with Attorney Muenter to select the best power of attorney to fit your needs, identify the ideal agent, make appropriate provisions, and ensure your legal, financial, and medical comfort down the road. Call (813) 906-1064 to get started!
Tampa FL 33614