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Power of Attorney
A power of attorney is a legal document that grants an individual (usually a family member or trusted friend) the ability to make financial, medical, and end-of-life decisions on your behalf should you become incapacitated. If you are in the process of making end-of-life decisions, you are probably aware that you should have a will and other measures to manage your assets after you pass. However, some people overlook what can happen if they should become ill or disabled and become unable to act on their own behalf. Having a trusted family member, friend, or representative managing your medical, financial, and end-of-life decisions can be incredibly important.
By appointing a power of attorney while you’re of sound mind and body, you can be certain of the proper management of your assets if you’re injured. You’ll also effectively prevent costly and difficult court interventions. There are no downfalls to appointing a power of attorney, except perhaps if your decision angers other people in your family. But these people will face an uphill battle if they try to argue against your decision in court. Legacy Lawyers Group can help you with establishing a power of attorney.
Giving Someone a Power of Attorney: What You Need to Know
When you give someone a power of attorney, it is important to consider first who will be responsible for making decisions on your behalf as well as what decisions they will be permitted to make. Individuals should only grant power of attorney to people they trust. Additionally, how your power of attorney is drafted can also stipulate what kind of decisions can be made. The person who has the authority to make decisions on your behalf should be aware of what decisions you want made. For instance, individuals sometimes have medical wishes or other wishes that they would like honored should time become short.
My Loved One Has Granted Me Power of Attorney: Now What?
If your loved one has granted you power of attorney, you may have many questions. You may suddenly find yourself having to make tough financial decisions. You may be called upon to make medical decisions on behalf of your loved one. If you are granted power of attorney, you have important legal responsibilities. If you are not sure what to do, it may be wise to speak to a qualified power of attorney lawyer in Tennessee, like those of The Law Offices of Monika Johnson. Our attorneys can review your power of attorney and help you understand your rights and responsibilities.