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Appointing durable power of attorney may help Florida residents

Many individuals may believe that they will lead healthy and vital lives until the end of their days. Unfortunately, many Florida residents may experience some form of incapacitation as they get older. Because these situations cannot always be predicted, it is important to have plans in place that address these issues should they arise. By appointing a durable power of attorney, individuals may be able to ensure that their matters are properly handled. 

This power of attorney will have the ability to make legal decisions for an individual should that individual become unable to make decisions on his or her own. Therefore, it is important that as many details as possible are laid out regarding such decisions. Important information such as account numbers and passwords should be available to the appointed party in case the need ever presents itself.

If a power of attorney is not designated, the courts will likely step in to make decisions. This type of situation may also result in an individual being designated by the court, and that individual may not have been the first choice. Therefore, appointing a responsible party who is accepting of the task can save time and confusion in the future.

Being incapacitated may be a scary thought to consider, but being prepared for such a situation may put Florida residents more at ease. Parties will know that a trusted individual is in charge of their legal affairs because that individual was specifically appointed as a durable power of attorney. Interested parties may wish to find out more information on how to appoint such an individual and how to lay out important information that may be needed in the future.

Source: Forbes, "6 Essential Estate Planning Steps For You And Your Parents", Terrie and Jon Hull, June 25, 2015

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