As people grow older, they are at an increased risk of injuries and illnesses that can incapacitate them. This is why it is necessary to consider who you can trust to make medical and financial decisions on your behalf or on behalf of an elderly relative in the case of incapacitation. When you establish power of attorney, you can avoid confusion and conflict that can result when others are expected to make decisions without clear guidance. When establishing Florida durable power of attorney in Highland Beach, you must work with a professional estate planning attorney. Aaron D. Millman, Esq., CPA, founded The Millman Law Group to guide families through this process as effectively as possible.
The Responsibilities That Come with Durable Power of Attorney
Power of attorney is created through a document drafted by your lawyer. The person assigning the powers (the principal) designates an agent to act on their behalf. The principal specifies all powers granted to the agent, and the POA is put into effect as soon as the document is signed.
Any person granted Florida durable power of attorney in Highland Beach can control the principal’s estate. The agent can:
- Make medical care decisions
- File tax returns
- Buy and sell properties
- Manage accounts
The agent is responsible for their actions and must record all decisions made on behalf of the principal to demonstrate that they followed the principal’s instructions.
The Advantages of Working with a Lawyer
Establishing a durable power of attorney can be beneficial but complex. This is why working with an estate planning lawyer at The Millman Law Group is best. Your attorney will help you decide which powers should be assigned. If some powers are not specified, the agent may be unable to make crucial care decisions. As the principal, you can also name successor agents or co-agents to prepare for unexpected problems in the future.
After the principal dies, the estate documents dictate all financial matters. The same person can be named executor and granted durable power of attorney. A skilled estate planning lawyer will help you navigate whether that is a wise choice.
Enjoy Peace of Mind with Durable Power of Attorney in Florida
A court-appointed guardian will gain control if you do not grant Florida durable power of attorney in Highland Beach. This situation can lead to many challenges for families, especially if an elderly relative has precise wishes for their medical care.
A durable power of attorney can be an excellent way to plan for unexpected moments in life. However, everyone involved must be in agreement. Your Millman Law Group attorney will help you and your family feel at ease knowing that you have made the best decisions for the future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Highland 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.