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

Multiple power of attorney agents may benefit Maryland residents

When estate planning, individuals may come across the need to make decisions regarding incapacitation. Appointing power of attorney agents to make important decisions in the event that they are no longer able to do so themselves is a common action that many Maryland residents consider. Because the role of agent can have many responsibilities, individuals may wish to consider appointing more than one person.

There are many benefits to having more than one financial power of attorney agent. First, it may make the situation less burdensome on the individual and the agents themselves. More than one agent allows for the responsibilities to be spread out rather than all finances having to be handled by one person. Additionally, the agents may be able to work together to ensure that the best decisions are made. 

Another benefit of having more than one agent is to keep each other in check. Though the appointed parties may be trusted individuals, the possibility exists that someone may attempt to make a less-than-beneficial decision. However, the other agent could step in to discuss the decision and ensure that all steps are taken to benefit the incapacitated individual. 

Before appointing any power of attorney agents, Maryland residents may wish to consider their options carefully. Choosing trusted and responsible individuals could help avoid unnecessary complications regarding important financial decisions that may need to be made due to a person's incapacitation. Interested parties may want to find out more information on their options for making such an appointment by speaking with experienced attorneys who could provide valuable knowledge.

Source: blog.aarp.org, "Get a Power of Attorney (But Make Sure It's Not a License to Steal)", Debra Whitman and Jilenne Gunther, March 3, 2017

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