A Durable Power of Attorney is a useful document for anyone that may be ill, injured or merely unavailable to handle their transactions. Typically, spouses select each other as their agent and then they select a backup agent. For a single person or as a backup to your spouse, people typically select an adult child, close relative or friend.
A Durable Power of Attorney is one of the tools attorneys recommend most individuals have, even if you are healthy. Unfortunately, injury or illness can strike at any time, and it is comforting to know that someone else is capable of handling your financial affairs for you.
A Durable Power of Attorney typically allows your agent to handle all your banking transactions whether depositing or withdrawing funds, and it allows them to write checks and pay bills on your behalf. A Durable Power of Attorney can also be used to gain entrance into a hospital, nursing home or a safe deposit box. A Durable Power of Attorney cannot be used to make health care decision for you. Only a Durable Power of Attorney for Health Care permits someone else to make a health care decision for you. A Durable Power of Attorney for Health Care is a separate document. Additionally, a Durable Power of Attorney can be used by your agent to prepare your tax returns and apply for various government assistance programs.
Guiley & Guiley can prepare a Durable Power of Attorney to meet the needs of you and your loved ones. If you wish more information, or if you desire to schedule an appointment, please contact Guiley & Guiley.
