Some Maryland residents may want to have the ability to take care of a loved one’s decisions in the event that the loved one becomes incapacitated. However, it is not unusual for parties to be uncertain when it comes to the legal routes to take in order to have the ability to act on behalf of a family member. In such cases, having power of attorney documents in place could prove useful.
When parties uses these documents, they are essentially giving one or more individuals the ability to make decisions for them in the event they are no longer able to do so. The party making the appointments is known as the principal, and the appointed individual or individuals are known as agents. An agent may be appointed to make decisions regarding personal situations — such as living arrangements — and financial decisions, or a principal may appoint one agent for personal decisions and another agent for financial decisions.
When it comes to creating power of attorney documents, there are various ones that could be of use. If one agent is being appointed to make all decisions, a general power of attorney may be most beneficial. If a principal would like to be more selective in the types of decisions that an agent could make, a special power of attorney may be utilized. Discussing concerns with an experienced attorney would help individuals determine which types of documents may be right for them.
Appointing power of attorney agents could be a useful step for many individuals, and it is a step that is most beneficial if it is taken before an emergency occurs. Planning ahead could save a lot of time and trouble for all parties involved. Maryland residents who would like to move forward with making power of attorney appointments may wish to utilize local, reliable resources for more information.
Source: yourdailyjournal.com, “Why you may need a power of attorney“, Bellonora McCallum, June 3, 2016