Benefits Of Appointing A Durable Power Of Attorney

Many people think estate planning only plans for what will happen after their death. However, drafting a comprehensive estate plan is very useful during your life, as well. When creating an estate plan you can designate a durable power of attorney who can act on your behalf in the event that you ever become incapacitated and cannot make decisions for yourself.

Durable powers of attorney are often much stronger than other types, and they have many benefits. They allow your agent to act on your behalf even in the event of incapacitation. Other types dissolve once you have become incapacitated. Below, our Daytona Beach power of attorney lawyer explains other benefits associated with these legal documents.

Avoid Uncertainty and Confusion 

A durable power of attorney can help you and your loved ones avoid confusion and uncertainty. If you become incapacitated, your loved ones may not understand your wishes and how you want certain matters handled. Disputes can even arise among your loved ones as they try to decide how to handle your estate, finances, and more. By designating a durable power of attorney, you can help your family avoid this scenario. Instead, your durable power of attorney can continue to act on your behalf and in a manner that protects your wishes and your best interests.

Protect Your Wishes 

A durable power of attorney will help your family in case you are ever unable to convey your wishes. It also provides a great deal of protection for you too, though. When designating a durable power of attorney, you may want to name someone who has a certain skill set or in-depth knowledge about the relevant topics.

For example, you may want to name someone who has a legal or financial background. You are also able to provide your agent with instructions that are very specific regarding the actions you want them to take if it is ever necessary. By hand picking someone to carry out your wishes, you can have the confidence that they will always be fulfilled.

Protect Specific Property 

Drafting a durable power of attorney also has great benefits regarding asset protection. After you draft a durable power of attorney, you can also ensure certain assets are not used. This is particularly important if you require long-term care in the future or suddenly have medical needs that are expensive to treat. You may need to take other steps to protect your assets, but a durable power of attorney can ensure certain types of property are only used in very specific ways, even if you are in an accident or become sick.

Our Power of Attorney Lawyer in Daytona Beach Can Draft Your Document 

It is true that a durable power of attorney has many benefits. To ensure they are realized, though, these documents must be drafted properly. At Bundza & Rodriguez, our Daytona Beach power of attorney lawyer will help you identify your goals and draft the documents you need to ensure you are fully protected. Call us now at 386-252-5170 or contact us online to schedule a consultation and to get the legal help you need.