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Using A Springing Durable Power of Attorney Can Solve Many Problems

Q: I have lived alone since my divorce

Use Springing Durable Power of Attorney To Protect Yourself

Q: I have lived alone since my divorce. Recently, I went to a lawyer to get advice about planning for the time when I might become incapacitated. The lawyer ran off photocopies of a durable power of attorney and sent it home with me for review. But I am concerned about giving someone carte blanche authority to take over my assets. What should I look for first?

A: Another lawyer. Although all durable powers of attorney should contain certain standardized wording, since each situation is different, the document must be tailored to your needs. You need a lawyer's advice before you can intelligently decide what you want. And, rather than finding it out on your own, you should have been told that as soon as you sign a durable power, you immediately give your agent the authority to act on your behalf.

If this concerns you, consider a "springing" durable power of attorney where some event - such as your incapacity as specifically defined in the document - must occur before your agent is authorized to act. But a power of attorney may not be the only document you need. We believe you should seek the services of an attorney knowledgeable in this complex field who will send you home with solutions, not more problems.

Jan Collins Stucker is an award-winning writer and editor. Jan Warner is a matrimonial, elder, and tax attorney. Both are based in Columbia, South Carolina. Flying Solo is seen in newspapers throughout the United States and can be found on the Internet at http://www.flyingsolo.com.

Please e-mail your questions to janwarner@flyingsolo.com or by mail to P.O.Box 11704, Columbia, SC 29211. To receive the American Academy of Matrimonial Lawyers "Divorce Manual," either go to "Media" area of this website and use your credit card or send $7.50 payable to "AAML Fulfillment" to P. O. Box 11704, Columbia, South Carolina 29211, and we'll make sure you receive it.

 

 

 

 



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Today, more than 36 million Americans are age 65 or over. There are more than 22 million family-member caregivers. Then there are the Baby Boomers. All are grappling with the major decisions that accompany the latter stages of life. This book is for them. Written by two experts with decades of experience between them, it is a comprehensive guide that instructs readers about how to create a plan to deal with all aspects of aging, helps maximize options and ensure wishes are carried out.

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