Many of us assume that our important decisions will always be ours to make. However, accidents and illnesses can sometimes take away our ability to make our own choices. If this happens, and you become incapacitated, who will be there to voice your wishes and see that things are handled the way you would have wanted? Before it gets to this, you can appoint a durable power of attorney (DPOA) who can act on your behalf should you ever become incapacitated. A DPOA is a legal tool that allows you to choose someone you trust to make important decisions for you when you’re unable to do so yourself.
At Tressler & Associates, we want you to feel confident knowing that should anything cause you to become incapacitated, your wishes will still be followed. We can help you establish a DPOA that can be used to protect your wants and best interests in the future.
A durable power of attorney is a type of power of attorney. When a power of attorney is “durable,” it gives the person you’ve appointed the ability to make decisions and handle your affairs when you’re incapacitated. You can choose whoever you believe to be most fit for this role, such as your spouse, a family member, a friend, and even your attorney. Establishing a DPOA also allows you to determine what aspects the person has control over. You can choose a DPOA for your medical care and one to manage your finances, or you may have the same person handle both of these aspects.
A durable medical power of attorney is an advance healthcare directive. This person will determine your medical care and treatment when you require it but are unable to communicate your wishes yourself. This is different from a living will, which is used to ensure you receive the end-of-life care you want when you are incapacitated. A DPOA for healthcare can go into effect even when you’re expected to recover from your incapacitated state. You can state what type of treatment and care you are for or against, and your DPOA for healthcare is required to follow these wishes when making your medical decisions. The treatment you want to receive may be difficult for some loved ones to accept, so you need to ensure the person you choose will respect them, even if they are difficult to make.
A durable financial power of attorney is a tool that allows someone to oversee your financial affairs and decisions while you’re incapacitated. What a DPOA for finances will be called to do may vary. In some cases, they may only have to handle ensuring your bills are paid and other routine tasks. A DPOA for finances may also be required to file your taxes on your behalf. Some DPOAs for finances may need to oversee real estate and other investments, as well as insurance policies. As being a DPOA for finances can be challenging work, you need to select someone who you know is competent at handling complex financial matters.
Establishing a durable power of attorney is one aspect of estate planning you should not overlook. You never know what may happen in the future, and you want to know that these important aspects of your life are handled by someone you trust. To ensure this is completed properly, you need the assistance of an estate planning attorney. At Tressler & Associates, we can help you through this process so that your wishes for the future are adhered to.
You might never need for your DPOA to go into effect, but if the situation does occur, you’ll have someone making the decisions you would have wanted for yourself. Contact Tressler & Associates today to get started.
If you are in need of legal services, our team of experienced attorneys is here to help! If you need a lawyer now or are just in need of general counsel, we are happy to discuss your needs with you.