Need a lawyer to establish a power of attorney?
It is ideal to construct a durable power of attorney and choose an agent when you are creating an estate plan. A durable power of attorney is a written document that is valid even when you become too ill or incapacitated to make your own decisions, and is void upon your death. The person you choose to act on your behalf and manage your financial affairs will step in and follow the instructions in the durable power of attorney. This agent is not only able to handle your financial matters, but make healthcare decisions and conduct other business that may need to be completed while you are debilitated. The person you choose should be someone you trust to carry out your wishes accordingly, and who is willing to fulfill such a duty. This person should not take advantage of your situation, and should do exactly as stated.
Types of Powers of Attorney
There are different types of powers of attorney to fit your needs.
- General Power of Attorney: Allows your agent to make medical, legal, financial, and business decisions.
- Special Power of Attorney: Allows your agent to make specific choices documented in your power of attorney.
- Springing Power of Attorney: A document that becomes effective only after a documented specific event occurs. Incapacitation or illness is an example of events that may initiate the agent’s duties.
- Medical Power of Attorney: Allows your agent to make specific healthcare decisions if you should become unable to do so. This usually takes effect when a doctor rules you as incapacitated.
Construct a Power of Attorney Today
Often times, people do not like to think about becoming incapacitated or too ill to make their own decisions. However, when you are creating an estate plan, you should also make a durable power of attorney, and appoint someone you trust to act as your agent. Our Arizona estate planning attorneys have experience in every area of estate planning and are more than willing to help clients create a power of attorney. If you are interested in creating a power of attorney, please contact our firm!