When you establish durable power of attorney, you decide who gets a say in major medical or financial decisions in your life. You’ll designate someone you trust to care for you and oversee your estate.
A Durable Power of Attorney is a legal instrument authorized by Mass. Gen. Laws ch. 190B, § 5-501, appointing a legal agent (a.k.a. Attorney-in-fact) to make financial and legal decisions on your behalf in the event you are incapacitated or unable to. A Durable Power of Attorney is a proactive device that can be drafted to become effective immediately upon execution or once you become disabled or incapacitated and unable to make decisions on your own. An Attorney-in-fact will make decisions regarding your business affairs, banking, property and further estate planning if necessary. Although most people find it hard to imagine giving the authority to a person to handle their finances, it is necessary in the context of an unfortunate status of incapacity. Foremost, the designated Attorney-in-fact should only be a trusted and responsible person. A Durable Power of Attorney can be drafted in many ways giving the Attorney-in-fact specific limited powers over certain matters, such as only managing a bank account and bill payment or the power to manage all financial matters on your behalf.
This process can be overwhelming—let The Law Office of Nicholas A. Gomes, P.C. help. Attorney Gomes has years of estate planning experience, and he’ll provide reliable legal support while you create a Durable Power of Attorney. He works with clients in Fall River, MA and the surrounding region, including Boston and New Bedford. Schedule an appointment today.
If you’re worried about who will make decisions for you when you’re unable to speak for yourself, talk to an attorney in Fall River, MA about durable power of attorney. Establishing a durable power of attorney will allow you to: