Durable Power of Attorney
Durable Power of Attorney in Palm Springs
At the Law Office of Robert L. Firth we help people throughout the Coachella Valley and Inland Empire to create an effective estate plan that may include a durable power of attorney.
One of the most important purposes of a power of attorney is to grant another person authority over your finances if you are incapacitated. Depending on the terms, the “agent” you assign may be able to conduct banking transactions, manage retirement accounts, file taxes, buy & sell property or represent you in front of the Social Security Administration. Moreover, a power of attorney is important is to avoid a conservator-ship proceeding which can be lengthy and costly.
Another purpose for a power of attorney is to designate an individual to help make medical decisions on your behalf, also referred to as a health care power of attorney. Generally your wishes will be spelled out to instruct the assigned “agent” on how to proceed in regard to life sustaining measures, organ donation and end of life treatment among other responsibilities & decisions. This type of power of attorney is also called a health care proxy or an advanced health care directive. It is a separate document from a durable power of attorney for financial affairs.
“Another purpose for a power of attorney is to designate an individual to help make medical decisions on your behalf, also referred to as a health care power of attorney.”
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Depending on the jurisdiction, an oral power of attorney may be upheld in court if there are witnesses to support, however most financial institutions and hospitals require it to be written to honor it. If you are looking to discuss your options with a Palm Springs estate planning lawyer, call Robert L. Firth today.