As people age, they are at a higher risk of illnesses and even injuries that might incapacitate them. As individuals age, it is increasingly important to consider who may be able to make responsible financial and health decisions on their behalf. By establishing power of attorney, people can avoid the confusion and conflict that can result if someone cannot make crucial decisions for themselves. When establishing Florida durable power of attorney in Boynton Beach, it is essential to work with an estate planning attorney. The Millman Law Group, founded in 2018 by Aaron D. Millman, Esq., CPA, will help you navigate this complex process.
The Responsibilities of Durable Power of Attorney
Power of attorney is established by a document. The principal, the person assigning this power, designates an agent to act on their behalf. The principal will specify the powers granted, and the POA is in effect as soon as the document is signed.
Any agent granted Florida durable power of attorney in Boynton Beach will have complete control over the principal’s estate. The agent can:
- File tax returns
- Manage accounts
- Buy and sell properties
- Make medical care decisions
The agent is legally responsible for their actions and is required to record every decision they make on behalf of the principal.
The Benefit of Working With a Lawyer
Establishing a durable power of attorney can be helpful but complex, so it’s best to work with an estate planning lawyer. Your lawyer at The Millman Law Group will help you decide which powers you should designate. If some powers are not mentioned, the agent may not be able to meet all of your needs. The principal can also name successor agents or co-agents for extra peace of mind.
After a principal dies, their estate documents dictate all financial matters. People can grant the same person both executorship and durable power of attorney, but they do not have to. A skilled estate planning lawyer can help you navigate these decisions.
Have Peace of Mind with Durable Power of Attorney
If you fail to grant Florida durable power of attorney in Boynton Beach, a court-appointed guardian gains control. This can be a problem for many families, especially when an elder relative has particular wishes for their health if they experience mental decline.
A durable power of attorney can be a great way to plan for the unexpected. However, everyone involved must be on the same page. Your Millman Law Group attorney can guarantee that you and your family make the best decision for the future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Boynton Beach
Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.