A durable power of attorney is a legal document that allows you to give someone else the authority to make decisions on your behalf. This can be an important part of your estate planning, as it ensures that someone you trust is able to make financial or legal decisions for you if you become unable to do so. If these sound like issues which concern you, contact the Slaton Schauer Law Firm, PLLC online or via phone at (512) 258-9455 to schedule a consultation with us– and feel free to read more here!

When you create a durable power of attorney, you will need to choose someone you trust to be your agent or attorney-in-fact. This person will be able to make decisions on your behalf, such as managing your bank accounts, paying bills, and making financial or legal decisions. It’s important to choose someone who is trustworthy and who understands your wishes and values.

In order for a durable power of attorney to be effective, it must be written and signed while you are still capable of making your own decisions. This is why it’s important to create a durable power of attorney before you actually need it.

There are different types of durable power of attorney, so it’s important to understand the differences before you create one. For example, a limited durable power of attorney may only allow your agent to make decisions in specific situations, such as during a hospital stay. A general durable power of attorney, on the other hand, gives your agent the authority to make decisions about all of your financial and legal matters.

It’s also important to understand that a durable power of attorney can be revoked or changed at any time, as long as you are still capable of making your own decisions. If your circumstances change, you may want to update your durable power of attorney to reflect those changes.

In summary, a durable power of attorney can be an important part of your estate planning, as it ensures that someone you trust is able to make financial or legal decisions for you if you become unable to do so. By choosing someone you trust and understanding the different types of durable power of attorney, you can have peace of mind knowing that your affairs will be managed according to your wishes.