Putting someone in charge of personal affairs can be a tricky decision to make. Many individuals may worry about someone having the ability to make the necessary choices when the time comes while others wonder whether a seemingly trusted party may attempt to take some sort of advantage. While these concerns are valid, Louisiana residents may wish to utilize certain elder law tools to ensure that their needs will be met.
Appointing power of attorney agents can prove considerably beneficial in the event that a person becomes incapacitated. However, parties do not want to wait until serious illness or injury has occurred in order to make appointments. If so, their choices may not be considered valid due to questions arising regarding their states of mind. Therefore, individuals may want to plan well in advance of any potential issues.
When considering agents to make financial or health-related decisions, it is possible to consider appointing multiple people. This tactic could help keep all agents in check and ensure that their powers are not being abused. Additionally, individuals can use their documents to limit the powers agents have in hopes of avoiding unseemly actions.
Estate planning may seem like a chore that can be put off for another time, but incapacitation could affect anyone at any age. Therefore, Louisiana residents may wish to consider planning ahead by appointing power of attorney agents. Speaking with experienced elder law attorneys could help interested parties understand the benefits of such agents and what aspects may be prudent to consider before making appointments.
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