While many of us like to believe that we will live our lives healthy and in full control of our faculties, the fact remains that many of us will face some sort of incapacitation as we get older. If this incapacitation should result in your not being able to make decisions for yourself, then someone will need to step in to make those decisions. Having a durable power of attorney appointed as part of your estate plan will help ensure that the decisions made on your behalf will be decided by someone you can trust.
A durable power of attorney is an important part of anyone's estate plan. Any individual can appoint a power of attorney, who will be responsible for making any decisions regarding an individual's health care, finances, legal issues or other important decisions. The power of attorney will be able to access your bank accounts and remit payments on your behalf. As such, that person will need to be provided with your account information and passwords.
Because of the authority a power of attorney has over your estate and decisions that will affect your life, the person whom you choose as a power of attorney should be someone you can trust; otherwise, the court will decide on who can make those decisions for you.
While no one really likes to think about the eventuality of incapacitation, not planning for it raises the risk for even more serious concerns. At the Law Offices of Frese Hansen, we have experience in creating durable powers of attorney, and we can help you with appointing a trusted individual to take over your decisions when, and if, you ever need it. Having served the residents of Brevard County, Florida, for years, we can help you devise an entire estate plan that will help ensure your property, your family and your future are safe, secure and in accordance with your wishes. Do not let the courts decide who will take care of you when you can no longer take care of yourself. Consider implementing a durable power of attorney as part of your estate administration plan.