The duties of a caregiver are numerous. When you are responsible for your parents’ wellbeing, your top priority is their health and quality of life, but your responsibilities do not end there. To protect your parents in Florida, you may want to consider talking to them about power of attorney.
Many Americans try to procrastinate on the topic of estate planning. After all, it is not always a comfortable conversation. What happens if your parent becomes incapacitated? Do you know what his or her plan is? Do you know what his or her preferences are? Can you locate his or her important documents?
It is important to talk about estate plans and power of attorney as soon as possible. Power of attorney may be one of the most important aspects of an estate plan. According to Forbes, if you procrastinate, your parents’ competency and the legality of the power of attorney may come into question later. You want to have the discussion when your parents can participate fully in the conversation.
The power of attorney is an agreement between you and your parents where you can act on your parents’ behalf if anything were to happen. This may be due to an accident or in some cases, the onset of dementia and other disorders.
When it comes to power of attorney, there is a power of attorney for health care, for financial power, for limited powers, for all aspects of a person’s life and in case of a temporary emergency.
None of the information provided is intended to be legal advice. It is for educational purposes only.