Power of Attorney Helps with Unforeeable Events
Most young adults do not give a second thought about estate planning. But most young adults like to travel and go on adventures. So what will happen if an unfortunate accident occurs on one of these adventures? There may be no children or home to leave behind, but there should still be something in place if anything unforeseen happens.
A durable power of attorney and a health care power of attorney should be in place for everyone. Both give power to an individual that you choose to make decisions for you when you are unable to do so yourself. The durable power of attorney, which deals with assets, grants power to an agent to make financial transactions on your behalf. The health care power of attorney, which deals with your medical care, grants power to an agent to make decisions on the medical care to be received. Without these two very useful documents, family members must go to court to request guardianship. Financial affairs may become frozen when payments are not made. As for the medical care, state law may name parents as agents.
To avoid these default circumstances, it is advisable to contact an estate planning attorney and obtain the power of attorney documents so that any decisions made will be the decisions that you made.
To read more on this article, visit Durable power of attorney eases mountain of worry.
For more information on a durable power of attorney, please contact our Jacksonville Florida estate planning law firm.
