Janssen Estate Probate & Elder Law can offer expert guidance if you require help with 'power of attorney for elderly parent.' Our Kansas City Metropolitan area clients have trusted us with their estate planning needs for 35 years. We believe that well-informed clients make the best decisions regarding their estate planning.
This article covers the topic of Power of Attorney for Elderly Parents. What is a power-of-attorney, how does it work, its available types, and why may aging parents require one? Learn the advantages of hiring an experienced attorney as soon as possible when needed and discover when/how you can find trustworthy ones. Our firm may even make the perfect selection here and give practical steps that will assist throughout this process.
What Is A Power Of Attorney?
A Power of Attorney (POA) is a legal document that authorizes one individual to act on behalf of another person known as a "principal." This individual, known as an agent or "attorney-in-fact," may make key decisions and manage affairs when their principal cannot or is incapacitated.
How Does A Power Of Attorney Work?
A Power of Attorney gives your agent authority to address financial, legal, and healthcare matters as specified in the document. A POA can be tailored specifically to your needs and can take effect immediately or once certain conditions have been fulfilled.
What Are The Different Types Of Power Of Attorney?
POAs come in various forms and each serves a particular function.
- General Power of Attorney: Provides the agent with broad authority to manage various matters on behalf of their principal.
- Limited Power of Attorney: This form of power only lasts for a finite period.
- Durable Powers of Attorney: These continue to function if the principal becomes incapacitated.
- Health Power of Attorney: Allows an agent to make medical care decisions on behalf of his principal.
Why Would An Elderly Parent Need A Power Of Attorney?
As we age, our loved ones' ability to manage their affairs and make decisions may become impaired. Appointing someone as Power of Attorney ensures that an impartial third party can step in when necessary and manage financial, legal, and healthcare matters - providing both the parent and family peace of mind.
Why Hiring An Attorney Is Beneficial:
At any point during the process of setting up your POA, legal advice should always be sought from an experienced lawyer. Such assistance can:
- Make sure that all legal requirements have been fulfilled.
- Personalize this document according to your unique requirements.
- Provide guidance on complex legal and financial matters
- Avoid potential conflicts and complications
When Is The Right Time To Hire An Attorney?
At any age, it's never too soon to plan for the future. Consult an attorney as soon as a parent ages and expresses the need for power of attorney (POA) or family members observe a decline in decision-making abilities. Taking early action can prevent future crises.
Find A Suitable Attorney By Using These Criteria
Consider these criteria when searching for an attorney who can assist in creating a Power of Attorney:
- Experience: Choose attorneys with experience in elder and estate law.
- Reputation: Read reviews and request referrals before making a decision.
- Communication: Choose an attorney who is adept at listening and understanding your concerns.
- Specialization: Choose an attorney specializing in elder law or estate planning.
Why Choose Janssen Estate Probate & Elder Law
Janssen Estate Probate & Elder Law meets all the criteria necessary to be an excellent choice when it comes to creating a Power of Attorney on behalf of an elderly parent. Our team of attorneys has over 35 years of combined experience specializing in estate planning and elder law. Our stellar reputation and testimonials from clients are something we take great pride in. Open communication is encouraged as part of the decision-making process.
Suggestions for Action
- Assess Your Parent's Needs: Start by understanding your parent's unique requirements - for instance, is she in need of a durable or general Power of Attorney or rather limited healthcare-specific one?
- Search Attorneys: When beginning the search process for attorneys with expertise in elder or estate law and planning, seek recommendations from family, friends, or professionals.
- Consultation: It is wise to schedule a consultation meeting with an attorney, so as to discuss your parents' needs and address any potential concerns or queries that arise.
- Customize the POA: Partner with an attorney of your choosing to craft a Power of Attorney document tailored specifically to the wishes and needs of your parents.
- Execute the Document: Before finalizing and notarizing a Power of Attorney document, ensure it has been witnessed and notarized according to state regulations.
- Inform All Relevant Parties: Provide copies to their bank, healthcare providers, and any others involved with your parent's affairs.
- Regular Reviews: Conduct regular reviews to make sure that your POA remains in line with the wishes and values of both of your parents.
Establishing a Power Of Attorney for an elderly parent is both a compassionate and responsible action that will ensure their well-being. Hiring a qualified lawyer is vital to ensure the process runs smoothly and legally, providing peace of mind when selecting our firm according to the criteria listed. You can secure their future now! Contact us today at 913-322-6300 or send us an email on our Contact Page.