Should I have a Durable Power of Attorney

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SHOULD I HAVE A DURABLE POWER OF ATTORNEY?
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The Eventualities of Aging
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ESTATE PLANNING involves making preparations for
the distribution of your financial assets after
you die
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But what about the period of time that will
precede your death?
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Have you addressed the EVENTUALITIES OF AGING?
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What If You Become Unable to Make Sound Decisions?
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What would happen if you could no longer make
sound health care and financial decisions on your
own?
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This is something to consider when you are
discussing the future with your estate planning
attorney
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• Is It Likely?

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You may not be too concerned about PLANNING FOR
INCAPACITY
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Perhaps you think that it is not that common
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In fact, around 45 percent of people who are at
least 85 have Alzheimer's disease
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This is attention-getting, but keep in mind,
Alzheimer's is not the only cause of incapacity
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• Guardian or Conservator

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The state could be petitioned to appoint someone
to act in your behalf if you become incapacitated
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This person is called a guardian or conservator
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The individual that is appointed may not be the
person that you would have chosen
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• Choosing Your Own Decision Makers

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You can prevent guardianship or conservatorship
proceedings
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If you execute the appropriate incapacity
planning documents, you could name your own
hand-picked decision-makers in advance
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• Durable Powers of Attorney

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Legal devices called durable powers of attorney
are widely used
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With these legal instruments you name agents or
attorneys in fact
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Your agent will be able to make legally binding
decisions in your behalf IF YOU BECOME
INCAPACITATED
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• Davenport Iowa Incapacity Planning

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• You should certainly have durable powers of
  attorney in place to prepare for the possibility
  of future incapacity

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If you would like to take action, contact our
firm to schedule a free consultation
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You can reach us by phone at [phone] or
contact us through our website
Click to visit www.DuffyLawOffice.com