When it becomes difficult or impossible for you to take an active part in decision making, you can appoint someone to act for you by signing a power of attorney in Texas. A power of attorney is a written document that appoints one person to act on behalf of another in specified or general legal and financial matters.
A General Power of Attorney
You can give someone general powers to make all financial decisions on your behalf, including decisions for operating your business transactions, to buy and sell property, and to make tax planning decisions.
Your power of attorney is legally charged with acting only in your best interest. So, choose someone you trust.
A Durable Power of Attorney
If you are elderly, disabled or ill, you may prefer to sign a durable power of attorney. This allows the person you name to make decisions on your behalf, even if you become mentally incompetent; this includes becoming unconscious or otherwise incapacitated.
A durable power of attorney in Texas is governed by Texas Probate Code β 490, which gives the person you name the authority to make decisions concerning your property and finances. You can also include the power to make decisions regarding gifts and other financial matters. The person holding your power of attorney can take steps for you to qualify for Medicaid while providing protection from Medicaid Estate Recovery.
If you are concerned about signing a durable power of attorney, you can include a provision that it is not effective unless a licensed medical doctor has certified that you can no longer act on your own behalf.
Let Us Guide You Through the Process
If you’re tired of government officials giving you the runaround or phone calls going unanswered, then let us be your trusted guides. We will walk you through the confusing process of finding a reliable power of attorney. If you call 1-800-939-9093, we will even give you a free 30-minute phone consultation.