How Durable Powers Of Attorney Can Help You
The estate planning process is about much more than expressing your wishes about which family members are to receive your assets after you pass away. There is also ample opportunity for individuals to ensure that their wishes are respected in the event that they become incapacitated.
At Robertson, Oswalt & Associates, in Little Rock, Arkansas, we work hand-in-hand with our clients to help them develop comprehensive estate plans, which often include durable powers of attorney.
What Is A Durable Power Of Attorney?
A durable power of attorney is a document that specifies an agent to make decisions on an individual’s behalf in the event that he or she becomes incapacitated. Durable powers of attorney can be either general or limited.
General powers of attorney allow the specified agent to make any decision or complete any legal act that can be done by the individual him- or herself.
Limited durable powers of attorney allow an agent to make decisions only about certain issues. These can include:
- Health care
- The sale of property
- Decisions about investments
One of the benefits of durable powers of attorney is that they are highly customizable. Our estate planning attorneys work closely with clients to learn more about their goals and to tailor instruments to their specific needs.
Call Today For A Consultation
To learn more about the ways in which a durable power of attorney could fit into your estate plan, fill out our contact form or call 501-588-4451 or 866-311-3815 to schedule a consultation with a lawyer.