Assigning Medical, Financial and Land Transaction Agents
Dripping Springs Estate Planning Attorney R. Brian Daniel
This is a document that gives a Health-Care Agent of your choosing the authority to make healthcare decisions for you if you become incapacitated or otherwise unable to make such decisions. It is typically this person who you will also put in charge of decisions that need to be made pursuant to your Living Will. Medical Powers of Attorney are important at any time you are facing a medical intervention, a surgery or an extended hospital stay. At any time you are determined to be incapacitated (or even if you under anesthesia), if a medical decision needs to be made, your Health Care Agent will be permitted to step into your shoes and make decisions that might save your life.
The Durable General Power of Attorney
This is a document that gives an Agent of your choosing the authority to transact business on your behalf and also to make decisions regarding your finances and assets if you become incapacitated or otherwise unable to make such decisions. As an example, this Power of Attorney can be used to permit your Agent to access your banking tools to assure that your utilities and mortgage are paid in a timely manner while you are incapacitated. It can also permit your Agent to sign on your behalf if you are unable to executed business-related documentation.
The Durable General Power of Attorney for Property – the “Land Power of Attorney”
In the State of Texas, if you want to grant an agent the power to participate in real estate transactions on your behalf or regarding your property, you need a separate Power of Attorney. Without this specific document, your financial agent under your General Durable Power of Attorney may be unable to sell, execute, acknowledge, deliver or deed any of your property to anyone else without having to resort to additional legal proceedings. This can result in additional cost to your estate and additional time required to conclude any sale transaction (which may drive away a potential buyer). This document will permit you to decide, today, who will be able to stand in your shoes and transact business related to any real estate you may own. A Dripping Springs Estate Planning Attorney at The Daniel Law Firm can help you achieve this goal.
At The Daniel Law Firm, we offer a Will Package that includes the Medical Power of Attorney, the General Power of Attorney and the Land Power of Attorney (for use if you own real estate at the time of your death or incapacity), as well as the Last Will and Testament and the Living Will. By combining all four of these very important documents, your Austin, Texas Estate Planning Attorney can make certain that the documents are in sync with each other and that they are in compliance with the laws of the great State of Texas.
If you are considering utilizing a Power of Attorney in the State of Texas, Contact a Dripping Springs Estate Planning Attorney at The Daniel Law Firm. Call us today at (512) 615-3569.