Absolutely. Durable powers of attorney are often used to proactively address incapacitation. This means that an individual can retain the ability to handle their own finances as long as they have the mental capacity to do so, and a designated agent’s powers are not triggered unless an individual loses the capacity to manage their own affairs.
As a New Albany estate planning lawyer experienced in preparing all types of powers of attorneys, I can help you plan for unexpected medical emergencies, Alzheimer’s, and other declines in mental function to ensure your finances are properly managed.