When is it a good time to consider getting a durable power of attorney?
A durable power of attorney (DPOA) is a legal document that allows someone to act on your behalf in financial and legal matters, and it remains in effect even if you become incapacitated.
Here are some specific situations and considerations for obtaining a DPOA in Utah:
Health Concerns: If you have existing health concerns or conditions that might progress over time, it's wise to consider a DPOA early on to appoint someone you trust to manage your affairs if needed.
Elderly Individuals: Older adults in Utah, especially those at risk of age-related cognitive decline, should strongly consider a DPOA to ensure that their financial and legal matters are handled smoothly.
Major Life Changes: Events like marriage, divorce, parenthood, or the death of a spouse can prompt the need for a DPOA. These situations often involve changes in financial responsibilities or dependents, making it essential to have a trusted agent to act on your behalf if required.
Frequent Travel: If you frequently travel or plan to be away for extended periods, having a DPOA can be beneficial for managing your financial affairs while you're not available.
McAdams Estate Law is your trusted partner for a wide array of estate planning matters in Utah, including durable powers of attorney. Our dedicated team of experienced professionals is well-versed in Utah's legal landscape and has a track record of assisting clients in establishing DPOAs that align with their unique needs and circumstances.
When you choose McAdams Estate Law for your estate planning needs, you're choosing a team that genuinely cares about your well-being and is dedicated to safeguarding your legacy. Contact us today to experience the difference of working with trusted professionals who have your best interests at heart.