A durable power of attorney is a legal document assigning an individual (referred to as the agent) to act on your behalf when you are unable to do so. It is usually created as part of an estate plan, but it can also be applied to everyday matters. This blog covers details on durable power of attorney in Burlington MA.
Durable Power of Attorney Scope
A durable power of attorney may be all inclusive or specific. You may grant the agent complete legal rights to make any decision that you can legally complete yourself. The other alternative is to limit the agent to particular items such as health care decisions, financial tasks, business operations, etc. An attorney can write the durable power of attorney to include your specific preferences. The roles outlined can get activated immediately or only if you become incapacitated.
Defining an agent is of critical importance. The agent will complete your responsibilities when you are not capable of doing so and will not be able to supervise their actions. Be sure to select someone who is not only able to take on the role but also understands your preferences and is trustworthy. Many individuals refer to a member of the family or close friend.
Getting Started with a Durable Power of Attorney
It is important to prepare a durable power of attorney when you are legally competent. When an illness or tragic event takes place that affects your judgement, it then may not be possible to create one. As a result, your family may be left powerless. This Details On Durable Power Of Attorney In Burlington MA article is provided for reference only. There are other documents that can be created as part of an overall estate plan. Please speak with an experienced attorney for guidance on your particular situation.