An Essential Part of Your Alabama Estate Plan
Clients are able to designate a close friend or family member as an agent with authority to act and make decisions on their behalf by executing a durable power of attorney. These instruments are very important, and will have a huge impact on your family’s ability to deal with unexpected circumstances. No one knows what the future holds, and in the event you become mentally or physically incapacitated, a power of attorney allows a designated individual to make the necessary critical decisions regarding your property, family, and estate on your behalf. Powers of attorney can often obviate the need for costly and time-consuming guardianship or conservatorship proceedings.
There are many standard powers of attorney forms out there, but it is critical that you carefully consider the implications of these instruments before executing a power of attorney. An experienced probate attorney can help guide you through the process, consider available alternatives, and provide consultation as to who should be designated and what decisions they should be able to make. An Alabama power of attorney can be created using the same formalities that are required to make a will (i.e. writing, signature, witnesses). In order to create a valid power of attorney, the person who creates it (called the “grantor”) must have the requisite mental capacity. This means once the devastating event occurs that creates the need for this powerful tool, it is usually too late to execute a power of attorney. These instruments are an integral part of any well-drafted estate plan.
The probate attorneys of Parkman White, LLP can help you create a customized estate plan that fits your unique needs. By putting a durable power of attorney in your estate plan, you can rest assured that a trusted friend or family member will make important decisions on your behalf in the event of unforeseen circumstances. This type of advance planning usually makes the transition easier for everyone involved. If you are in need of an Alabama power of attorney and you live in the Southeast Alabama area, whether it be in Dothan, Cottonwood, Rehobeth, Enterprise, Ft. Rucker, or elsewhere, email us or call us today at 334-792-1900 for a consultation, and let us put our Dothan legal team to work for you.