Should I Have a Durable Power of Attorney?

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durable power of attorney, durable power of attorney in quad cities, estate planning, estate planning in quad cities

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SHOULD I HAVE A DURABLE POWER OF ATTORNEY?:

SHOULD I HAVE A DURABLE POWER OF ATTORNEY?

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The Eventualities of Aging

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ESTATE PLANNING involves making preparations for the distribution of your financial assets after you die

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But what about the period of time that will precede your death?

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Have you addressed the EVENTUALITIES OF AGING?

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What If You Become Unable to Make Sound Decisions?

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What would happen if you could no longer make sound health care and financial decisions on your own?

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This is something to consider when you are discussing the future with your estate planning attorney

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Is It Likely?

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You may not be too concerned about PLANNING FOR INCAPACITY

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Perhaps you think that it is not that common

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In fact, around 45 percent of people who are at least 85 have Alzheimer's disease

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This is attention-getting, but keep in mind, Alzheimer's is not the only cause of incapacity

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Guardian or Conservator

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The state could be petitioned to appoint someone to act in your behalf if you become incapacitated

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This person is called a guardian or conservator

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The individual that is appointed may not be the person that you would have chosen

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Choosing Your Own Decision Makers

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You can prevent guardianship or conservatorship proceedings

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If you execute the appropriate incapacity planning documents, you could name your own hand-picked decision-makers in advance

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Durable Powers of Attorney

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Legal devices called durable powers of attorney are widely used

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With these legal instruments you name agents or attorneys in fact

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Your agent will be able to make legally binding decisions in your behalf IF YOU BECOME INCAPACITATED

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Davenport Iowa Incapacity Planning

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You should certainly have durable powers of attorney in place to prepare for the possibility of future incapacity

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If you would like to take action, contact our firm to schedule a free consultation

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Click to visit: www.DuffyLawOffice.com You can reach us by phone at (563) 445-7400 or contact us through our website

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