What Is a Durable Power of Attorney?

Woodstock family attorneysIn the event that you cannot or do not wish to handle your own financial matters or healthcare decisions, a person who has been granted power of attorney can take care of these things on your behalf. This power is designated by you, the principle, to the agent, the person who has been granted power of attorney. In most cases, say Woodstock family attorneys, separate power of attorney documents are drawn up for financial and healthcare matters. This is generally the case, even when the same person will be granted powers for each.

Durable Power of Attorney

Power of attorney can be very broad or quite limited in scope depending on the needs of the principle. Additionally, in some jurisdictions, if the principle becomes unable to make decisions, the power of attorney will be invalidated. In order for the agent to retain power of attorney in the event that the principal becomes incapacitated, a durable power of attorney will be required, say Woodstock family attorneys

Choosing an Agent

You can designate one person as your agent for both financial and healthcare matters, or you can choose one person for each, says a Woodstock family lawyer. For instance, you may know someone who is financially conscious, whom you trust to make financial decisions. You may also know someone who understands your wishes when it comes to making choices about your health.

Some other factors to consider are how close your healthcare proxy lives to you, in case the agent needs to go to a hospital or medical center. Woodstock family attorneys might advise you to choose a second, or successor agent, in case the original agent cannot or is unwilling to perform the duties specified in the power of attorney documentation.

Requirements for durable power of attorney vary depending on the state or jurisdiction. Woodstock family attorneys may be able to explain what is required in your local area. To make a confidential appointment to meet with a Woodstock family lawyer, please call the Stetler Law Group at (815) 529-4554.