The future is uncertain. At any moment in our lives tragedy can strike. We can experience a trip and fall, a random accident at work, a car accident or a disease that slowly robs us of our health. When situations like these occur decisions need to be made. Letting others know your wishes as well as appointing someone to act on your behalf is why creating a power of attorney south portland me is such an important decision.
What is a power of attorney?
A power of attorney is a legal document that states in part that if someone becomes incapacitated and unable to make their own decisions then the person named will have power of attorney over them. In simple terms, if you can’t do it this person can.
When someone dies there needs to be someone that has the ability to manage the estate. This is done through a power of attorney. It is also known as setting an executor to your will. If a will isn’t crated the person who has power of attorney can make decisions.
In the case with children a power of attorney will be used to determine who has the legal rights to children in the case of a parent death or incapacity to parent. This will allow the holder to receive state funds for childcare, can manage any money set aside in trusts and more.
Finally a power of attorney states the rights of individuals to make decisions if you have medical issues. For example if you are in an automobile accident or enter into a coma. There are reasons for this document to help make decisions on medications and other treatment options.
When it comes to the health and wellbeing of yourself and others having a power of attorney will ensure that what needs to be done is done and by whom.