Durable Power of Attorney
In the event that you are ever incapacitated, or unable to manage your affairs, it is important to know that someone will be available to take care of your finances and affairs for you. A Durable Power of Attorney allows you to nominate someone to act on your behalf, known as the attorney-in-fact. A Durable Power of Attorney can be very broad or very limited in the powers that it grants to the attorney-in-fact, and it can be effective upon its execution or only upon the happening of a certain event, such as your incapacitation as determined by a physician.
A Durable Power of Attorney could easily be considered one of the most important estate planning documents. At Murphy, Taylor, Siemens & Elliott P.C. we will take the time to explain this and other important estate planning documents and how they can be used to assist you in achieving your estate planning goals. Call us today to discuss your estate planning needs.