As people age, they become more vulnerable to diseases and injuries that might incapacitate them. This is why it is vital to consider who you can trust to make financial and medical choices on your or an aging relative’s behalf. Establishing power of attorney allows you to avoid the disagreements and uncertainty that arise when people are expected to make choices without precise instructions. Working with an experienced estate planning attorney is required when establishing Florida durable power of attorney in Hillsboro Beach. The Millman Law Group was created by Aaron D. Millman, Esq., CPA, to help families navigate this process as smoothly as possible.
What Durable Power of Attorney Means
A document prepared by your lawyer establishes power of attorney. The person granting the authority (the principal) appoints an agent to act on their behalf. The principal specifies every authority provided to the agent, and the POA is applied when the document is signed.
Anyone in Hillsboro Beach granted Florida durable power of attorney can administer the principal’s estate. The agent is able to:
- File tax returns
- Make medical care decisions
- Buy and sell properties
- Manage financial accounts
To demonstrate that they followed the principal’s directions, the agent must document every decision they make on behalf of the principal.
The Benefit of Working with a Lawyer in Hillsboro Beach
Establishing durable power of attorney can be helpful yet challenging. This is why working with an estate planning attorney from The Millman Law Group is advised. Your lawyer will help you determine which powers to delegate. An agent may be unable to make critical care choices if powers are not defined. You can also choose successor agents or co-agents to thoroughly prepare for unexpected events in the future.
Following the principal’s death, the estate documents govern all financial affairs. The same individual can be designated executor and given durable power of attorney. A knowledgeable estate planning attorney can help you make the best choice for your needs.
Prepare for the Unexpected with Florida Durable Power of Attorney
If you do not grant Florida durable power of attorney in Hillsboro Beach, a court-appointed guardian will take charge. This circumstance can create various complications for families, particularly if an elderly member has specific requests about their care.
A durable POA might be a wonderful choice to help you plan for life’s unforeseen situations. Everyone involved, however, must agree. Your Millman Law Group attorney will help you feel confident in the choices you make for your family’s future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Hillsboro 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.