Loune-Djenia Askew, Esq.
Jul 24, 2024
Here’s why having a POA is important.
A Power of Attorney (POA) is a critical component of estate planning that grants someone you trust the authority to manage your affairs if you become unable to do so. This document provides peace of mind and guarantees that your wishes are followed even when you cannot express them. Here’s why having a POA is important.
Managing Affairs
A POA manages your affairs during times of incapacity. It allows your designated agent to handle a variety of responsibilities, including:
Paying Bills
Managing Investments
Handling Real Estate Transactions
Making Healthcare Decisions
Avoiding Guardianship
POA helps avoid the need for a court-appointed guardian. Guardianship can be a lengthy and costly process that involves court intervention to appoint someone to manage your affairs. This process can be stressful and invasive for your loved ones.
With a POA, your designated agent can act immediately, without waiting for court approval. Your affairs are handled according to your preferences. It provides a seamless transition of authority, reducing the risk of disputes and confusion.
Peace of Mind
Creating a POA offers peace of mind for both you and your loved ones. Knowing that someone you trust will manage your affairs if you become incapacitated relieves the burden on your family. They won't have to make difficult decisions during an already stressful time, as your POA provides clear instructions on your preferences.
A POA helps prevent potential conflicts among family members by clearly outlining who has the authority to make decisions on your behalf. This can be particularly important in families with complex dynamics or when multiple people might have differing opinions on your care and financial management.
Understanding the different types of POA and how they work in Florida help you make informed decisions and protect your interests. Consult with an estate planning attorney to create a POA that meets your specific needs and complies with Florida laws.
For more information, contact our office at Askew & Associates, P.A. by calling 954-546-2699.
Disclaimer: this blog post is not intended to be legal advice. We highly recommend speaking to an attorney if you have any legal concerns.