Powers of Attorney
Probate Attorney George E. Thompson Helping Clients Avoid a Frustrating Situation
If you are interested in discussing the benefits of executing a power of attorney, George E. Thompson, a probate attorney
is the best person to call for thorough legal advice. Under Texas law, there are several power of attorney documents that can create a principal-agent relationship, including the durable power of attorney or medical power of attorney. If you are unsure about the type of document you will need to address your concerns, make an appointment with our firm and let us assist you!
What is a Durable Power of Attorney?
In 2013, the Texas General Assembly enhanced its power of attorney statute to include a new statutory form for the durable power of attorney. A durable power of attorney creates a principal-agent relationship that survives past the point of the principal’s incapacity. The principal-agent relationship generally allows the agent to perform certain financial or legal tasks on behalf of the principal at the principal’s direction. This could include handling the payment of bills, management of investments or the sale of property. The durability provision makes this a highly important document for families wishing to avoid the hassle of establishing a guardianship over their loved one when he or she becomes mentally incompetent. Without a durable power of attorney in place, the family will be unable to handle the affairs of their loved one without a guardianship in place.
Do I Need a Medical Power of Attorney?
The list of powers of attorney also includes the medical power of attorney, which creates a principal-agent relationship for purposes of making medical decisions. This power of attorney is used once the principal has reached a point of mental incapacity. It is designed to ensure the principal’s medical wishes are honored when he or she is no longer able to self-advocate. The medical power of attorney is a distinct concept from the living will (also known as a Directive to Physicians) as the latter is triggered only when the principal is suffering from a terminal illness or injury.
George E. Thompson Probate Attorney for Texas
For more information about how a power of attorney can enhance your estate plan, contact our firm today! To make an appointment, call the Law Offices of George E. Thompson, P.C. at (713) 439-0700.