Episode 37

full
Published on:

26th Nov 2024

Empowering Your Future: Understanding Durable Powers of Attorney

Episode Overview

In this episode, we dive into one of the most critical tools for personal and estate planning: the Durable Power of Attorney (DPOA). Whether you're planning for your own future or supporting a loved one, understanding how DPOAs work can save time, money, and stress down the road.

What You’ll Learn:

What is a Durable Power of Attorney?

  • Discover how a DPOA allows a trusted individual to act on your behalf, even if you become incapacitated.

Roles and Responsibilities of Your Agent:

  • Learn the importance of choosing the right person and the scope of their authority in managing financial, healthcare, or end-of-life decisions.

Why You Need a DPOA:

  • Understand the potential legal and emotional challenges your family could face without a DPOA.

Steps to Create a DPOA:

  • From choosing your agent to executing the document, Sidney breaks down how to set up a DPOA that aligns with your wishes and legal requirements.

Common Misconceptions & FAQs:

  • Clear up myths about losing control, revoking DPOAs, and their costs.

Understanding Springing Powers:

  • Explore how a “springing” DPOA works and whether it’s the right choice for you.

Key Takeaways:

  • A DPOA ensures someone you trust can make decisions if you're unable.
  • Your agent’s powers are flexible and must follow your outlined instructions.
  • Creating a DPOA isn’t complicated and can be tailored to your specific needs.
  • Make sure your agent, family members, and healthcare providers have copies of your DPOA to avoid last-minute confusion.

Join the Conversation:

We want to hear from you! Share your thoughts, questions, or experiences with durable powers of attorney on our social media platforms.

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WheelanLaw.com

This podcast episode contains general information for discussion purposes only. Each case is different and must be judged on its own merits. Missouri rules generally prohibit lawyers from advertising that they specialize in particular areas of the law.  This article should not be construed to suggest such specialization. Nothing on this site should be taken as legal advice for any individual case or situation.  This information is not intended to create an attorney-client relationship, and the listening or viewing of this podcast does not constitute an attorney-client relationship.  The choice of a lawyer is an important decision and should not be based solely upon advertisements.

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About the Podcast

Law Days & Lattes
Welcome to Law Days & Lattes, a unique blend of law, business, and a warm cup of wisdom. Your host, Sidney Wheelan, is not just an attorney but also a real estate investor and entrepreneur. This podcast is your one-stop source for legal insights, business strategies, and so much more.

Whether you’re a seasoned professional, an ambitious entrepreneur, or someone seeking guidance, Law Days & Lattes is the podcast for you. We aim to empower our listeners with valuable business strategies and insights into navigating the legal landscape.

But we’re not just about law and business. We believe in living a well-rounded life, so we’ll also touch on topics related to lifestyle, finance, health, fitness, and travel. After all, a well-lived life encompasses so much more. Join us on this journey as we explore the various facets of life over a warm cup of wisdom.

www.wheelanlaw.com

About your host

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Sidney Wheelan

Sidney is a seasoned lawyer with over 25 years of experience in the field of law. Throughout her extensive career, she has worked with a wide range of clients, from individuals to businesses, providing them with high-quality legal representation and counsel. Her exceptional legal skills and dedication to her clients have earned her a reputation as a skilled negotiator and litigator.​​

In 2016, Sidney decided to take her career to the next level by opening her own practice, Wheelan Law -- specializing in personal injury, estate planning and business law. However, she understands that all cases are unique and focuses on providing personalized legal services tailored to her clients' specific needs.

​Recently, Sidney embarked on a new endeavor to renovate the vacant Merrell University building in the historic downtown area of Moberly, MO. The commercial space is now home to Wheelan Law and an assortment of other local businesses.

Sidney is known for her compassionate and client-focused approach to law. Her expertise, professionalism, and dedication to her clients have made her a highly sought-after lawyer in Mid-Missouri.