Durable and Temporary Power of Attorneys
One of the most difficult things to deal with is incapacitation. It can occur for many reasons and doesn’t just mean illness, you can also be considered incapacitated due to circumstances such as prolonged unavailability due to travel or imprisonment. This is where the power of attorney comes in. You can legally assign your decision making rights to another person so your business is properly taken care of when you are incapacitated – for assistance on this matter, contact a immigrant lawyer Denver. The number one mistake people make is that they do not plan for this in advance and the courts are left to award the power. Preventing that is easy.
What is a temporary power of attorney?
A temporary power of attorney usually has limited powers and is for a defined set of time. For instance, if you are going on a world cruise you may want to set a limited or temporary power of attorney up so that the person you want can respond to emergencies while you are away. You don’ t have to give them the power over everything in your life, you can set limits. The limits also apply to the extent of your being away or incapacitated. Many people also set up a temporary power of attorney when they have surgery to cover the period of time they are rendered legally incompetent due to anesthesia.
What is a durable power of attorney?
This is what is used when a person is no longer deemed to be competent, or is considered to be mentally incapacitated. It doesn’t have to be permanent, it just has a set of conditions attached to it so if the person recovers they can rescind the power. This is coming into play more and more as the population ages and more people are living longer with conditions such as Alzheimer’s.
Setting them up early is best
You can’t predict the twists and turns your health and the future will take. It is always best to set up your power of attorneys, and the definition of when they come into effect before there is a need for them. This lets you relieve a lot of stress on yourself, your family and everyone who depends on you as there is a plan in place for what to do.