There are many people who do not know why a Power of Attorney is important. People think that their spouses will be in a position to handle everything should they be incapacitated. However, this is not always the case. A durable power of attorney in St. Petersburg, FL, will ensure that the people you trust most can handle your affairs if you should ever become in a position where you can’t handle them on your own.
A Power of Attorney refers to a legal document which appoints an “agent” to be in charge or handle certain issues on your behalf. Depending upon the terms agreed upon, the agent can be allowed to make health and financial decisions on your behalf. The following are a few things of the powers that you may assign to your agent.
1. Negotiate and Pay Medical Bills
If you are ill and are hospitalized, then you may need someone to make decisions on your behalf. Your agent can negotiate with the hospital and your medical insurance provider to ensure that your hospital bills are paid.
2. Help in Handling your Investment, Retirement and Bank Accounts
Having a strong Durable Power of Attorney will make it possible for your agent to work on your financial affairs such as paying bills, speaking to bank representatives, selling or buying investments on your behalf, or other financial matters.
You never know when you will not be able to take care of your own affairs, so it is important to be prepared. Protect your interests today by taking the steps to have a durable power of attorney established.
At Hill Law Group, we can help you to create a durable power of attorney, a will, or anything else you may need to protect your interests. Schedule a consultation.
