General Durable Power of Attorney: Protecting Your Interests While You're Still Here

When people think of estate planning, they often focus on what happens after they pass away. However, a comprehensive estate plan also includes tools that protect you while you're still alive, such as a General Durable Power of Attorney.

What is a General Durable Power of Attorney?

A General Durable Power of Attorney is a legal document that allows you to appoint someone you trust (your "agent" or "attorney-in-fact") to manage your financial and legal affairs if you become incapacitated or unable to do so yourself. The "durable" aspect means that the power remains in effect even if you become mentally incompetent, unlike a regular power of attorney that ends if you lose capacity.

Why is it Important?

Unexpected events like illness or accidents can happen to anyone. Without a General Durable Power of Attorney, your loved ones may need to go through a lengthy and expensive court process to obtain a conservatorship over your affairs. This can cause delays, stress, and potential conflicts.

What Can Your Agent Do?

Your agent can handle a wide range of tasks, including:

• Managing your bank accounts and investments
• Paying your bills and taxes
• Selling or managing your property
• Filing insurance claims
• Making healthcare decisions (if not covered by a separate healthcare power of attorney)

Peace of Mind

Having a General Durable Power of Attorney in place provides peace of mind, knowing that your affairs will be handled by someone you trust if you're unable to do so yourself. It's a proactive step to protect your interests and ensure your financial well-being.

Don't Wait

It's never too early to plan for the unexpected. Contact an experienced estate planning attorney today to discuss creating a General Durable Power of Attorney as part of your comprehensive estate plan.