The Law Offices of Scott Alan Morrison, P.A.
Frederick
Location
301-694-6262
Hagerstown
Location
301-293-0010

Young Maryland residents may consider power of attorney

Because a serious accident could affect any Maryland resident at any time, preparing for such an event could be beneficial. Though many young people may think that estate planning is only for retirees or other older individuals, creating a plan at a young age could be just as useful. In the event that a person is involved in an accident that leaves him or her incapacitated, having these plans in place and appointing a power of attorney may come as a relief.

Creating a living will can allow individuals to detail how they wish their medical care to be handled. Various topics can be addressed in this document, including whether a person should be kept on life support if the situation comes to that. Additionally, naming a health care proxy allows for a trusted and responsible person to be in charge of carrying out those medical decisions.

In addition to having someone make medical decisions, a durable power of attorney allows for the appointment of someone to make financial decisions. This person is often in charge of ensuring bills are paid, taxes are filed, checks are deposited, and he or she can take care of other financial affairs. As with the health care proxy, it is important that a trusted and responsible party is appointed to handle finances. 

If a power of attorney is not designated and an individual becomes incapacitated, complications regarding decisions could arise. Therefore, even young Maryland residents will likely want to ensure that they are comfortable with the person in charge of making decisions should they become unable to do so due to an accident or other sudden event. Information on how to properly file these forms and create a thorough estate plan could help interested individuals get started.

Source: nerdwallet.com, "2 Estate-Planning Documents Millennials Need", Rachel Podnos, March 3, 2016

No Comments

Leave a comment
Comment Information
  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Frederick and Hagerstown, Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Our office will follow the same closing & delays as Frederick County Public Schools for both offices due to inclement weather.

Frederick Office
141 W Patrick Street
Suite 300
Frederick, MD 21701

Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions
Frederick Law Office Map

Hagerstown Office
Cornerstone Wealth Center
19833 Leitersburg Pike
Suite 1
Hagerstown, MD 21742

Toll Free: 866-220-5185
Phone: 301-293-0010
Map & Directions
Hagerstown Law Office Map

Contact This Office Contact This Office