Planning the next several decades comes with a lot of topics and thought, but it is all in preparation to take what you have rightfully earned and ensure that it goes to who you feel deserves or needs it most. Getting a will submitted into probate, at the end of the day, is your way of making sure you take care of your estate and loved ones in the event that you pass. At Hamra Law Firm, we believe that it is in your best interest to have all bases covered.
One of those bases is a durable power of attorney. Much like a will that establishes your wishes, a durable power of attorney is a safeguard to ensure that your wishes can be carried out by someone you trust in the event that you become incapacitated or disabled. As summarized on FindLaw, Missouri law requirements for a durable power of attorney include:
- Signed and dated document
- Includes the provision that durable power will not terminate if the principal (you) becomes incapacitated
- powers generally commence when 2 licensed physicians declare principal incapacitated
It is a grim subject, but aging up into your golden years has its pitfalls and your health today cannot necessarily be guaranteed later. Generally, there are two types of durable power of attorney that are discussed in estate planning: health care powers of attorney and financial powers of attorney. Health care involves sensitive life support decisions while financial gives power over your estate. Leaving these two vital topics in the hands of people you trust can be the best way to ensure your legacy. For more information regarding powers of attorney and estate planning, we encourage you to explore our website.