A Durable power of attorney form lets you choose a person to take decisions on your behalf regarding healthcare, finances or legal matters, even if you get incapacitated. This kind of document is primarily of two types – Medical and General.
These are very important documents when it comes to estate planning. Such kind of a power of attorney form can make sure that someone who you rely on will continue taking care of your health care finances or legal issues even if you are unable to manage them on your own. Find out when you should use a durable Alabama power of attorney form.
If you are a senior citizen
Life is very unpredictable and you do not know when you might be rendered helpless due to an injury or illness. This is especially the case when you are in the senior citizen age bracket. A durable power of attorney can be useful in such cases.
Know the usage of a durable power of attorney form
If you are scheduled to undergo an operation
In case you are scheduled to undergo a surgery in sometime, it might be a good idea to have a durable power of attorney in place, to have a person appointed to look after your interests in your absence.
Travelling or living overseas for long term
A free durable power of attorney form can also be useful in case you would be living overseas for travelling to a country abroad for a long time.
How can you put to use a durable power of attorney form
In case of a disease
If you have been diagnosed with a disease or are at risk of being so, it is a good idea to sign a durable power of attorney and appoint a reliable person to look after your health care matters even if you are unable to do so.
Pursuing a very risky job
If you happen to be in a high risk job, a durable POA can be useful for safeguarding your finances, legal matters etc. Healthcare matters can also be appointed with the help of a document of this nature.
In case you have a complicated estate, it is a good idea to consider designating a professional – like an accountant, a financial advisor or a lawyer, as your agent.
When it comes to creating a power of attorney, appointing an agent and taking a decision on which powers to be bestowed on that individual – happens to be a vital step. The individual who you select will have a lot of authority over your matters and he is required by law to act in your best interests. You can also try appointing multiple individuals as co-agents. You may download a free power of attorney form here from this website.
Such a document can also be useful if you are a member of the armed forces and are deployed overseas or are going to be deployed so.
In the absence of a durable power of attorney, you may have to pursue the guardianship of an incapacitated loved one or elderly parent appointed by the court.