An increasing number of individuals face the onset of a degenerative disease, such as dementia or Alzheimer's that decrease their competency to function. Not surprisingly, many individuals still delay getting a durable power of attorney. A power of attorney allows a designated agent the authority to execute specified transactions on your behalf in case of your incapacity. These transactions can vary from something as simple as paying bills to complex undertakings such as selling property or filing tax returns. A durable power of attorney can be effective upon signing and remains in effect though incapacity up to death. As long as you are competent, you may revoke this power of attorney at any time. If you need a durable power of attorney, or need to update, revise, or create your estate plan, contact the Criss & Rousseau Law Firm at 254-699-9999 or 409-515-6176, or [email protected]
For more information see Marc Hebert, Money Matters: Why You Need a Durable Power of Attorney, WMUR 9, July 6, 2017.