As individuals age, they are at a higher risk of injuries and illnesses that can incapacitate them. This is why it is critical to consider who may be an appropriate choice for making medical and financial decisions on your behalf or that of an elderly relative in the case of incapacitation. When you establish power of attorney, you can avoid confusion and conflict that may result when others are expected to make decisions for you without guidance. When establishing Florida durable power of attorney in Parkland, you must work with an estate planning attorney. Aaron D. Millman, Esq., CPA, founded The Millman Law Group to guide families through this complex process as effectively as possible.
The Responsibilities Associated with Durable Power of Attorney
Power of attorney is established through a document drawn up 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 once the document is signed.
Any person granted Florida durable power of attorney in Parkland will have control over the principal’s estate. The agent has the ability to:
- Manage accounts
- File tax returns
- Make medical care decisions
- Buy and sell properties
The agent is legally responsible for their actions and must record all decisions made on behalf of the principal to demonstrate that the instructions were followed.
The Advantage of Working With a Lawyer
Establishing a durable power of attorney can be beneficial but complex. This is why working with your estate planning lawyer at The Millman Law Group is always 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. An experienced estate planning lawyer will help you navigate these decisions.
Enjoy Peace of Mind by Establishing Durable Power of Attorney
A court-appointed guardian will have control if you do not grant Florida durable power of attorney in Parkland. This can create challenges for many families, especially if an elderly relative has specific 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 ensures that you and your family make the best decisions for your future.
Contact The Millman Law Group To Establish Florida Durable Power of Attorney in Parkland
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.