What to Know About Powers of Attorney in Texas  

 Posted on January 11, 2023 in Estate Planning and Probate

In essence, estate planning is a way for someone to prepare for the unexpected. Within estate planning, powers of attorney can serve as a protective measure in case you ever find yourself in a situation where you cannot make decisions for yourself and thus cannot manage your estate. In a situation like this, a power of attorney would step in and begin the process of managing your affairs. While powers of attorney are often of more concern for older members of the population, that is not to say it is unwise for a young and healthy person to be prepared for a situation that involves them being incapacitated. In a case like this, powers of attorney would step in and be able to make medical decisions or pay the bills of the incapacitated person.

Accidents can happen at any time for many different reasons. Whether you are a young adult or an older individual, contacting a knowledgeable attorney who works in estate planning and has assisted others in naming powers of attorney can assist you in making your estate planning goals a reality. 

Understanding What Are Powers of Attorney

Simply put, a power of attorney is authorization for another individual to act with legal authority on your behalf. Powers of attorney may grant someone the ability to make medical decisions on another’s behalf, manage their financial affairs, or do other actions that the creator of the estate plan may see fit. When envisioning what would happen in a future emergency or incapacity, springing powers of attorneys may be used. This means that the power of attorney would not take effect until the time in which the estate planner is considered to be incapacitated. As a result, there is virtually no risk of accidentally granting someone control of your life at the present time. 

So, Who Needs Powers of Attorney? 

Ultimately, anyone at risk of experiencing a severe accident or medical emergency should consider having a powers of attorney ready. Life is highly unpredictable. Having powers of attorney prepared in case the unexpected happens is an excellent way to grant your family and yourself peace of mind. 

Contact a San Antonio Powers of Attorney Lawyer

Geoff Mayfield, Attorney at Law is steadfastly dedicated to helping people prepare for the future by creating powers of attorney whenever it is necessary or appropriate to do so. Our compassionate Bexar County power of attorney lawyers will tirelessly work to ensure your estate planning wishes can become a reality. Call 210-535-0870 for a free consultation.

Source: https://www.investopedia.com/terms/p/powerofattorney.asp