Understanding Power of Attorney

Life is a beautiful yet unpredictable rollercoaster ride. While you will enjoy many unexpected events and small joys throughout your lifetime, tragedy can also strike at any moment. Most people have a hard time acknowledging their own vulnerabilities and find it easier to avoid legal preparations. But it is critical that you talk to a lawyer and ensure that all of your interests are protected if tragedy were to strike and render you severely injured.

One of the best things to do for yourself, other than estate planning and writing a will, is to plan for your medical and financial powers of attorney through a Sarasota probate attorney.

Senior man signing power of attorney form

Senior man signing power of attorney form

Power of Attorney 101

Power of attorney is a legal document that allows somebody you trust to have complete power of your interests in the event that you are unable to make such decisions. You can elect your power of attorney so the right person can make vital decisions in your place. This might include paying bills, directing medical decisions, managing financial choices, and more. Without a power of attorney, your spouse or other significant person would most likely need to endure a court battle to gain power over your personal securities.   

About Medical Power of Attorney

Medical power of attorney dictates the manner in which you want your health care to be handled if you ever become too injured or ill to control such decisions. For many people, these choices involve controversial issues like resuscitation and life support. A person who you trust will oversee your medical care and ensure that choices are made in accordance to your own wishes. Your power of Lakeland attorney agent is legally bound to abide by your directions.

About Financial Power of Attorney

Just as medical power of attorney provides the ability of medical decision-making to a person you trust, financial power of attorney gives your chosen friend or family member the ability to handle all of your financial situations. From basic daily tasks like paying bills to more complicated matters of managing investments and dividing assets, a financial power of attorney can do it all. It goes without saying that this person must have your best interest at heart and understand and respect your wishes.

The young and old alike can benefit from the peace of mind that comes with electing power of attorney responsibilities. For more information, speak with a Brandon probate lawyer today in Florida.