To get power of attorney over a parent, you must fill out a power of attorney form and have them sign it. This allows you to make decisions on their behalf if they become incapacitated.
Taking on the responsibility of caring for an aging parent can be a daunting task, especially if you are faced with making important decisions on their behalf. Getting power of attorney over your parent can be a solution to this problem.
With power of attorney, you have the legal authority to make decisions on their behalf if they are incapacitated. However, the process of obtaining power of attorney requires careful consideration and documentation to ensure that the parent is fully aware and agrees to it. In this article, we will discuss the steps involved in getting power of attorney over a parent.
Credit: www.eckellsparks.com
What Is Power Of Attorney, And How Does It Work?
Power of attorney refers to the legal document that allows a person, known as the “principal,” to appoint someone else, referred to as the “agent” or “attorney-in-fact,” to act as their representative. This document comprises the legal permission for the assigned “agent” to make decisions and perform actions on behalf of the “principal.
” The power of attorney stays effective while the “principal” is alive, but is suspended upon their death.
Definition Of Power Of Attorney
A power of attorney is a legally binding document that gives a designated person authority to act on behalf of another person. This document outlines the specific powers and limitations granted to the “agent” or “attorney-in-fact. ” The “agent” can be given the power to make health care decisions, manage finances, buy or sell assets, sign legal documents, and make other important decisions on behalf of the “principal.
“
Different Types Of Power Of Attorney
There are multiple types of power of attorney; each serves a different purpose and caters to specific needs. These types include:
- General power of attorney: This type of power of attorney gives the agent the broadest authority and allows them to handle a wide range of matters on behalf of the principal.
- Limited or specific power of attorney: As the name suggests, this type of power of attorney puts limitations on the decision-making authority of the agent. It specifies the agent’s power or authority to handle a specific transaction or matter.
- Durable power of attorney: This document remains effective if the “principal” loses their mental capacity due to any reason.
- Springing power of attorney: This type of power of attorney gets triggered by a specific event or circumstance. It comes into effect at a certain point in the future or upon the occurrence of a particular event, specified in the document.
Understanding The Agent And Principal Relationship In Power Of Attorney
The agent acts as the “principal’s” representative, following their instructions and making decisions on their behalf. In contrast, the “principal” is the person who grants powers to the agent and is the recipient of any actions or decisions made thereon.
The power of attorney document clearly outlines the parameters and limitations of the agent’s powers. In most cases, the “principal” remains the ultimate decision-maker and can revoke the power at any time. It is crucial that the “principal” only grants power to someone trustworthy as the consequences of their decisions may affect their life significantly.
Why Obtain Power Of Attorney Over Your Parent?
As your parents age, they may face difficulties with managing their finances, healthcare, and other important legal matters on their own. This is where obtaining power of attorney over your parent comes into the picture.
Importance Of Power Of Attorney In Managing The Affairs Of An Aging Parent
Obtaining power of attorney over your parent can help you manage their affairs during their incapacity or when they are unable to make decisions on their own. Here are some reasons why it is important to have power of attorney over your parent:
- It allows you to legally act on your parent’s behalf in important financial and legal matters.
- It helps you make healthcare decisions for your parent when they are not able to do it themselves.
- It prevents the court from making difficult decisions about your parent’s life and assets.
Scenarios Where Power Of Attorney May Be Necessary
There are various scenarios where you may need to obtain power of attorney over your parent.
- If your parent is diagnosed with a degenerative disease like alzheimer’s or dementia, they may lose their mental capacity and be unable to make their own decisions.
- If your parent has a critical illness or injury that prevents them from making healthcare decisions, you may need to step in and act on their behalf.
- If your parent is planning to travel abroad or move to a different part of the country, they may need you to make legal and financial decisions for them.
Benefits Of Obtaining Power Of Attorney
Obtaining power of attorney can provide various benefits to both you and your parent, including:
- Allows for greater peace of mind as your parent ages, knowing that their affairs are being taken care of by someone they trust.
- Helps you make decisions for your parent without having to go through the court system or obtaining guardianship.
- Helps your parent avoid financial exploitation or abuse by instituting checks and balances on their finances.
Obtaining power of attorney over your parent is a good way to ensure that their affairs are well-managed as they grow older. It allows you to make crucial legal, financial, and healthcare decisions for your parent when they are not able to do it themselves.
Frequently Asked Questions Of How To Get Power Of Attorney Over A Parent?
How Do I Get Power Of Attorney For My Parent?
To get power of attorney, you need to complete and sign a legal document. It’s important to ensure that your parent understands and agrees to this decision.
What Are The Types Of Power Of Attorney For Parents?
There are two types of power of attorney: financial and medical. Financial gives you control over your parent’s finances, while medical allows you to make medical decisions on their behalf.
What Are The Responsibilities Of A Power Of Attorney?
As a power of attorney, you have the responsibility to act in the best interest of your parent and follow their wishes. You must keep accurate records and provide updates to family members.
Can A Power Of Attorney Make Decisions Against Their Parent’S Wishes?
No, you cannot make decisions against your parent’s wishes. If your parent still has the mental capacity to make decisions, they have the final say.
When Does Power Of Attorney End?
Power of attorney ends when the parent passes away, revokes the agreement, or becomes mentally incapacitated. It’s important to plan for the future and have a plan in place for when power of attorney is no longer valid.
Conclusion
After reading this post, you should have a good understanding of what power of attorney means, why it’s important, and how to go about getting it for your parent. Remember, seeking power of attorney can be a complex legal process, but with the right preparation and guidance, it’s entirely possible to navigate successfully.
If you’re unsure of where to begin or feel overwhelmed by the process, don’t be afraid to seek out additional resources or legal help. Ultimately, obtaining power of attorney can provide peace of mind for both you and your parent, especially if they are facing health issues or other challenges.
By taking the time to understand the process and work through it proactively, you can ensure that your loved one’s wishes are respected and their affairs are looked after in the best possible way.
