Power of Attorney, Do I Really Need One?
Life is unpredictable. We hope for the best for ourselves and our loved ones. Sometimes, despite all our preparation accidents, illness and aging get the better of us. Make sure you are ready for all that life throws at you, by preparing durable power of attorney documents with Waitz & Downer.
What is Durable Power of Attorney?
Power of attorney is a written authorization to act for another person in legal, medical or financial matters. A “durable” power of attorney ensures that the document remains valid if you become mentally or physically incapacitated and are unable to handle your own affairs. Durable power of attorney documents allow you to choose a person you trust to take care of your personal affairs. For example, that person would handle tasks like paying the bills to authorizing medical treatment.
To make sure all your bases are covered you’ll likely need to prepare two separate documents. You would need one for medical issues and one for financial issues. Having two separate power of attorney documents can simplify matters for the person you choose as your agent. Healthcare documents often contain personal information that you might prefer to keep private; preparing separate power of attorney documents ensures, for instance, that your financial broker isn’t privy to sensitive medical information.
How does it effect my family?
Power of attorney documents ensure that your needs are taken care of by someone you trust in the event of debilitating illness, injury or mental degradation. It also simplifies matters for your family, who will likely have many adjustments to make in the event that you’re unable to handle your own affairs. In the absence of a power of attorney document, your family may be required to go to court to win the right to act on your behalf in legal, medical and financial matters. A power of attorney document saves your family time, effort and emotional energy that they’ll need to handle life in the wake of your illness, injury or aging.
If you live in the Houma, LA area, please contact us at Waitz & Downer. We’ll help you prepare a legal document that ensures your needs are honored and addressed. Act on behalf of yourself and your family and give us a call today at 958-876-0870.