A durable power of attorney (DPOA) allows or authorizes another individual (your agent) to handle certain financial obligations on your behalf should you fall ill or become mentally incapacitated. The Durable power of attorney can ensure that financial and lifestyle matters are property managed so that it eliminates uncertainty, fighting, or confusion.
Should you become mentally incapacitated, your agent it able to handle the following transactions:
- Paying Bills
- Filing Tax Returns
- Buying and Selling Property and Other Assets
- Managing Bank Accounts and Investments
- Medi-Cal Planning
- Applying for Government Benefits
Though there are many online resources that offer a do-it-yourself power of attorney, it is best for an estate planning attorney to prepare the durable power of attorney so that there are no potential issues with the document. A simple error can result in the durable power of attorney being invalid. Contact Celaya Law to discuss your specific needs and wishes and our experienced attorneys can recommend documents that will work best for your particular situation.