As people grow older, they are increasingly at risk of illnesses and injuries that can leave them incapacitated. This is why it is critical to consider who you can trust to make financial and medical decisions on your behalf or the behalf of an elderly relative. When you establish power of attorney, you can prevent conflicts and confusion that result when others are expected to make decisions without explicit instructions. When you establish Florida durable power of attorney in Deerfield Beach, you must work with an experienced estate planning attorney. Aaron D. Millman, Esq., CPA, founded The Millman Law Group to help families navigate this process as seamlessly as possible.
The Responsibilities of Durable Power of Attorney
Power of attorney is created through a document drawn up by your attorney. The person assigning the powers (the principal) designates an agent who acts on their behalf. The principal specifies every authority granted to the agent, and the POA is implemented when the document is signed.
Any person granted Florida durable power of attorney in Deerfield Beach can manage the principal’s estate. The agent can:
- Make medical care decisions
- File tax returns
- Manage accounts
- Buy and sell properties
The agent must record every decision they make on behalf of the principal to demonstrate that they followed the principal’s instructions.
The Advantages of Working with a Lawyer in Deerfield Beach
Establishing durable power of attorney can be advantageous but challenging. This is why working with an estate planning lawyer at The Millman Law Group is recommended. Your lawyer will help you determine which powers you want to assign. If powers are not specified, an agent might be unable to make crucial care decisions. As the principal, you can also select successor agents or co-agents to prepare for unexpected scenarios 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 can help you determine the best choice.
Enjoy Peace of Mind with Durable Power of Attorney in Florida
A court-appointed guardian will gain control if you fail to grant Florida durable power of attorney in Deerfield Beach. This scenario can lead to numerous challenges for families, especially if an older relative has precise wishes for their care.
Durable POA can be an excellent way to plan for unexpected moments in life. However, every person involved must agree. Your Millman Law Group lawyer will help you and your relatives feel confident that you have made the best decisions for your family’s future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Deerfield 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.