Durable Power Of Attorney

What Is A Durable Power Of Attorney? Do I Need One?

A durable power of attorney is a legal document that authorizes one person to act on behalf of another in financial and legal matters. It is one of the most important legal documents a person can have.

Every adult over age 18 needs a durable power of attorney. The future is unpredictable: you never know when that meteorite is coming down to hit you on the head. Since you cannot know when you will need a durable power of attorney, you should not put it off until the future. You should have one now.

Kentucky ElderLaw, PLLC, helps clients in Southern Indiana and throughout Kentucky who need durable powers of attorney.

I’m Married. Do I Need A Durable Power Of Attorney?

YES! Many people mistakenly believe a spouse can handle their finances if they become incapacitated. Not so: No one, not even a husband or wife, has the authority to deal with your bank accounts, investments, real estate, insurance, etc., unless you have given that person authority. The power of attorney is the crucial document that gives them that authority.

For example, if you have an IRA, only you can make deposits to it or withdrawals from it and change the beneficiary — unless you have a power of attorney document authorizing someone else to do those things. Do you have an insurance policy? No one — not even your spouse — can get information about that policy — unless you have a power of attorney document authorizing him or her to do so.

Ask Your Questions About Powers Of Attorney

If you have questions, schedule a consultation with Kentucky ElderLaw, PLLC. We can help you with every aspect of your durable power of attorney.

You can reach our Louisville office at 502-581-1111, our Bowling Green office at 270-467-0002 or our Shepherdsville office at 502-955-1005. You can also send our office an email.

Our First Conversation Is Free

We give seniors and their loved ones the peace of mind knowing they’ve done everything they can to prepare for the high cost of getting older.

Let’s Talk About Your Goals

Our attorneys have the knowledge and compassion to lead you through planning your estate and planning for long-term care, which can be daunting, confusing and frustrating. Call us at 502-581-1111 to arrange your FREE consultation or fill out the form below to contact us for an appointment.