As people age, they are at greater risk of injuries and illnesses that can incapacitate them. This is why it is crucial to consider who you can trust to make medical and financial decisions on your behalf, or the behalf of an elderly relative, in the case of incapacitation. When you establish power of attorney, you can avoid confusion and conflict that might result when others are expected to make decisions without guidance. When establishing Florida durable power of attorney in Lake Worth, you must work with an estate planning attorney. Aaron D. Millman, Esq., CPA, established The Millman Law Group to guide families through this challenging process as effectively as possible.
The Responsibilities of Durable Power of Attorney
Power of attorney is established through a document created by your lawyer. The person assigning the powers, or the principal, designates an agent to act on their behalf. The principal specifies the powers granted to the agent, and the POA is in effect as soon as the document is signed.
Any person granted Florida durable power of attorney in Lake Worth will control the principal’s estate. The agent has the ability to:
- File tax returns
- Make medical care decisions
- Manage accounts
- Buy and sell properties
The agent is responsible for their actions and must record all decisions made on behalf of the principal to demonstrate that they followed instructions.
The Benefit of Working with a Lawyer
Establishing a durable power of attorney can be advantageous but complex. This is why working with your estate planning lawyer at The Millman Law Group is best. Your lawyer will help you decide which powers should be assigned to the agent. If some powers are not specified, the agent may be unable to make essential future 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 will dictate all financial matters. People can grant the same person durable power of attorney and executorship. A knowledgeable estate planning lawyer will help you navigate these decisions.
Establish Durable Power of Attorney and Enjoy Peace of Mind
A court-appointed guardian will have control if you do not grant Florida durable power of attorney in Lake Worth. This can create many challenges for families, especially if an elderly relative has precise wishes for their care.
A durable power of attorney can be an excellent way to plan for the unexpected. However, everyone involved must agree. Your Millman Law Group attorney will help you and your family know that you have made the best decisions for your future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Lake Worth
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.