Powers of attorney are legal documents that allow you to appoint another person, known as an agent, to act on your behalf. Powers of attorney are crucial elements of an estate plan in Texas.
It is essential to choose someone you trust as your agent, and it is vital to ensure that your powers of attorney meet Texas state requirements.
If you do not have powers of attorney or if your powers of attorney are deemed invalid or unenforceable, your loved ones may have to go to court to obtain a guardianship over you if you become incapacitated and unable to make decisions for yourself.
Guardianship proceedings are expensive, time-consuming, and typically result in the loss of autonomy and independence.
Below, the estate attorneys at The Zimmerman Law Firm go over the details of power of attorney in Texas. If you have any questions, please contact us online or call (254) 271-2540.
Different Types of Powers of Attorney in Texas
Durable Powers of Attorney
A durable power of attorney is a document that grants the agent broad authority to act on behalf of the principal in virtually all legal and financial matters.
For example, managing the principal’s finances, making legal and business decisions for the principal, signing contracts, buying or selling property, etc.), subject to any limitations specified in the document.
This type of power of attorney is often the most essential long-term care planning document for aging individuals, since it remains in effect if the principal becomes incapacitated or unable to make decisions for themselves.
This helps ensure that someone is authorized to take action on the principal’s behalf, even if they cannot act on their own accord.
Medical Powers of Attorney
A medical power of attorney grants the agent the power to make medical decisions on behalf of the principal if the principal cannot make medical decisions on their own behalf, and can be critical in end-of-life planning.
This type of power of attorney allows both healthy and critically ill people to make healthcare decisions with a clear head, before they become unable to make medical decisions for themselves.
An experienced Texas power of attorney lawyer can help you draft an effective medical power of attorney that meets your needs and enables you to achieve control over your healthcare decisions.
Get in Contact with a Waco Estate Planning Lawyer Today
Every situation is unique, and your powers of attorney should reflect your specific needs and circumstances.
At The Zimmerman Law Firm, our estate planning attorneys will help you understand the different types of powers of attorney available in Texas, advise you on which type is best suited for your needs, and ensure that the documents comply with all legal requirements.
We will also guide you in choosing the right agent, establishing any limitations or conditions on the agent’s authority, and providing guidance on how to properly execute your powers of attorney.
Give us a call at (254) 271-2540 today to discuss your needs and begin your estate plan.