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There are times in our lives when we need to make our own choices in advance. And one of the decisions we can make in case we are no longer able to make our own decisions and manage our own affairs due to an accident or illness is to prepare a durable power of attorney. You can also get in touch with the best power of attorney solicitors through various online sources.
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With a durable power of attorney, you authorize someone to act for you and to take care of your personal and business affairs.
The person who gives the authorization is called the grantor, and the person who receives the authorization is called the agent.
There are several important things to consider before making a durable power of attorney. The most important thing to consider is choosing your agent.
Since the person you choose to act as an agent will take care of your finances and property, it is important to choose someone you can trust.
Choose also those who are able to manage property and finances. The law also requires your agent to be at least 18 years old.
There are cases where verbal agreement is sufficient and enforced in court. However, there are situations where a written agreement is required.
A power of attorney is essential. Because it allows you to appoint someone you trust who will make decisions and manage your finances if you are physically or mentally disabled.
People usually choose trusted family members as their agents. This could be the sister, spouse, or legal counsel. It is important that agents are able to make business and other legal decisions.