DFPA, Agents

[2Rocky]

Curious who folks designate for their Durable Financial Power of Attorney and Medical Directive Agent if they are not married.

When do you think an LTR qualifies for that responsibility?
Especially when your parents are elderly.
Do you grant your Siblings that right?
When do you think Adult Children possess the ability to act on your behalf if you are incapacitated?

 

[Barrister]

I would consider giving it to my child if they are 25+ and are reasonable/have their sh1t together. But that can potentially be a difficult spot to put them in too. I think siblings generally are better so long as you hold a close relationship with them.

LTRs are tricky. It would have to be pretty serious and that is a very big responsibility to give to a person not related by blood and who isn't your wife. I would shy away from it completely to be honest.