One of the most important things you can do for your future is ensure that your interests are secure in the event of your incapacitation. It is impossible to know for sure what is ahead in your life, but you can take steps that will allow you to have a measure of control over certain important matters. This includes your finances, your medical care and more. By drafting certain legal documents, you get the final say in what happens to your person and your property.
A power of attorney is a legal document in which you name a person to act on your behalf in case you cannot express your wishes or make decisions for yourself. Whether it is due to an injury, illness or other reason, the agent will make choices for you. This is an important designation, and over time, you may not want that person to be your agent for a variety of reasons. There are times when it is possible to revoke a power of attorney.
The duties of the agent
The person you designate to act on your behalf is the agent, and he or she, by agreeing to act in this capacity, is agreeing to act responsibly and in your best interests. In case you cannot speak for yourself, you need to be able to trust that your agent will make smart and beneficial decisions. He or she has a fiduciary duty to you, and at some point, you may believe that the individual is not capable of managing that responsibility.
As long as you are of sound mind, you have the right to revoke a power of attorney. You can draft a new form that revokes the power of attorney from one person and grants it to another. However, if you cannot speak for yourself for any reason, your Louisiana family members can seek to have power of attorney removed from one person if they believe he or she is not acting in your interests.
The proper legal documents
A financial and medical power of attorney are important parts of any estate plan. If you have not yet created these documents, you will benefit from seeking guidance regarding how you can have security for the future. With the right plans in place, you can be certain that your long-term interests are secure, allowing you to look ahead with confidence.