As people age, they are at a greater risk of illnesses and injuries that can incapacitate them. This is why it is critical to consider who might be able to make medical and financial health decisions on behalf of yourself or an elderly relative in the case of incapacitation. When you establish power of attorney, you can avoid the conflict and confusion that often results when someone can no longer make these crucial decisions for themselves. When establishing Florida durable power of attorney in Broward County, it is critical to work with an estate planning attorney. Aaron D. Millman, Esq., CPA, established The Millman Law Group in 2018 to guide families through this complex process as efficiently as possible.
The Responsibilities That Come with Durable Power of Attorney
Your lawyer establishes power of attorney with a document. The principal, or the person assigning the powers, designates an agent to act on their behalf. The principal then specifies the powers granted to the agent, and the POA is immediately in effect once the document is signed.
Any individual granted Florida durable power of attorney in Broward County will have control over the principal’s estate. The agent then has the ability to:
- File tax returns
- Manage accounts
- Buy and sell properties
- Make medical care decisions
The agent is legally responsible for their actions and must record all decisions they make on behalf of the principal to ensure that the instructions are followed.
The Benefit of Working With a Lawyer
Establishing a durable power of attorney can be beneficial but complex, so it’s best to work with an estate planning lawyer at The Millman Law Group. Your lawyer will help you decide which powers you should assign to your agent. If some powers are not specified, the agent may not be able to meet your future care needs. As the principal, you can also name successor agents or co-agents to prepare for any unexpected problems in the future.
After a principal dies, their estate documents dictate all financial matters. People can grant the same individual durable power of attorney and executorship. An experienced estate planning lawyer can help you navigate these important decisions.
Enjoy Peace of Mind with Durable Power of Attorney
A court-appointed guardian will gain control if you do not grant Florida durable power of attorney in Broward County. This can be a problem for many families, especially when an elderly relative has specific wishes for their care if they experience a decline.
A durable power of attorney can be an excellent way to plan for the unexpected. However, everyone involved must be in agreement. Your Millman Law Group attorney will ensure that you and your family members will make the best decisions for your future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Broward County
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.