![]() You want the agent to have authority only if you become unable to act for yourself or.A Power of Attorneythat says this is called a Durable Power of Attorney.ĭurable Powers of Attorney can be written to cover two situations: However, a Power of Attorney may say that it is to remain in effect even if you become disabled or incapacitated. Unless your Power of Attorney specifically says otherwise, your agent's power ends if you become mentally incapacitated. Your Power of Attorney ends when you die. ![]() A Power of Attorney can be written to last either for a limited period of time or indefinitely.The future time may be a specific date or may be defined by the occurrence of some event - for example, a decision by your doctor that you are unable to make decisions on your own.A Power of Attorney can be written to take effect immediately upon signing or to take effect at some time in the future.When does a Power of Attorney take effect and how long does it last? You should speak with a lawyer if you have questions about these issues. On the other hand, giving an agent broad powers to make gifts of you property may result in serious problems if the agent turns out to be untrustworthy or unwise. Authority to transfer property from the disabled spouse to the healthy spouse may be important for Medicaid eligibility purposes. Specifically authorized powers may be especially important for married people concerned about what would happen if one spouse became ill and needed nursing home care or other long-term care. ![]()
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