Financial Power of Attorney in Minnesota
A durable power of attorney is a legal document that allows you to name someone as your agent to make decisions for you regarding your finances when you are unable to do so yourself. This power of attorney will become effective as soon as you are incapacitated and can no longer speak for yourself, or upon execution of it, or later time, as you direct. If you are incapacitated you cannot make sound decisions on your own. This can be due to an accident, illness, or even dementia, to name a few instances. However, a power of attorney can also be set up to be effective immediately without any of these situations if desired.
If something happens to you, you will want a durable power of attorney set up so that no one else can go to court to have the authority to make decisions for you. Think about this scenario carefully. For example, if something happened today, who would be able to access your finances, pay your bills and other important matters? It’s your job to choose someone you trust to be able to take on this role for you in this type of emergency. If you do not make this appointment the judge can appoint someone unknown to you.
The goal of Power of Attorney Documents
The goal of creating this legal document is to ensure that you are choosing someone you trust. This allows them to begin making decisions for you without the need for a lengthy court process, to get a conservatorship for legal authority to do so. Not only does this save time and money, but it also prevents conflict between family members too. In the legal document, you can also list backups if the first choice cannot act. You will then have alternates lined up to fulfill that role.
Healthcare Power of Attorneys
An Advance Healthcare Directive allows for a medical power of attorney, which is similar to a financial power of attorney, just for healthcare decisions. It enables you to name someone you trust to step in to take care of you, but specifically to address concerns regarding health care decisions that may apply to you in the future. This allows your agent to speak to doctors on your behalf, obtain medical records, and make health care decisions, should you be unable to do so.
These documents are important to have in place, especially in the case of an emergency or unexpected medical situation. The goal of having an advance health care directive is for someone to be able to deal with issues related to your health legally.
Schedule a Legal Consultation with an Experienced Estate Planning Attorney in Anoka, Minnesota
We provide a multitude of estate planning services for our clients. We pride ourselves on bringing forth the passion needed to accommodate the needs of everyone who needs our help. We offer case evaluations where we will take great care to look closely at each aspect of someone’s case. From there, we develop a customized strategy that will benefit each client. We work tirelessly to get our clients the results that they’re looking for, each and every time and work to a successful conclusion for our clients in every case.
When you need legal help from an estate planning attorney, we can guide you through the necessary legal process. Call us today at 763-427-9066 to schedule an appointment for this free case evaluation.