Military Tax Updates for 2026: What Texas Service Members Need to Know

As 2026 approaches, Texas service members must be aware of important changes to military tax laws that could impact their finances. Whether you're stationed in Texas or deployed overseas, understanding these updates is crucial to maximizing your tax benefits and ensuring compliance with both state and federal regulations. Here’s a rundown of the key military tax updates for 2026 that every service member in Texas should know.

1. What Is a Power of Attorney?

A Power of Attorney is a written authorization that allows an individual (the "principal") to designate another person (the "agent" or "attorney-in-fact") to handle specific tasks on their behalf. These tasks may include managing finances, making healthcare decisions, or handling business dealings. There are several types of Power of Attorney in Texas, such as durable, medical, and general POAs, each serving different purposes.

2. The Role of Notarization

In Texas, most POAs must be notarized to be legally valid. Notarization ensures that the document is authentic, that the principal understands the document they are signing, and that it was signed voluntarily. A notary public serves as a neutral third party, verifying the identities of the parties involved, which helps prevent fraud and protects all parties’ interests.

3. Durable Power of Attorney

One of the most common types of POA is the Durable Power of Attorney. This type remains in effect even if the principal becomes incapacitated, ensuring that someone can continue managing their affairs when they can no longer do so themselves. Whether due to illness, injury, or aging, a durable POA offers peace of mind by providing a designated person to handle financial and legal matters.

4. Medical Power of Attorney

A Medical Power of Attorney allows someone to make healthcare decisions for the principal if they are unable to communicate their preferences due to medical conditions. This document is particularly important in situations involving serious illness, surgeries, or emergencies where the principal may be incapacitated.

5. Avoiding Future Conflicts

Without a Power of Attorney, if a person becomes incapacitated or unable to make decisions, their family or loved ones may face significant legal hurdles when trying to manage their affairs. In the absence of a POA, guardianship proceedings may be required, which can be time-consuming, costly, and emotionally draining. Having a POA in place can help avoid these challenges, ensuring a smoother process and reducing family conflict.

6. How to Create a Texas Power of Attorney

Creating a Power of Attorney in Texas is a relatively simple process. The document must be in writing, signed by the principal, and notarized. While it’s not mandatory to use an attorney, having legal counsel can ensure the POA is tailored to your specific needs and complies with Texas law. For certain powers, such as making medical decisions, additional forms may be required.

7. Revoking or Modifying a Power of Attorney

The principal has the right to revoke or modify the Power of Attorney at any time, as long as they are still mentally competent. This flexibility ensures that the principal retains control over their legal and financial matters. If the principal becomes incapacitated, a POA can be amended or terminated only under specific conditions.

Conclusion

A Power of Attorney is a vital legal tool in Texas, providing security and clarity for individuals who need someone to manage their affairs. By understanding the different types of POAs and the importance of notarization, you can ensure that your rights and wishes are upheld, even in times of incapacity. Take the necessary steps today to establish a Power of Attorney, giving you peace of mind that your affairs are in capable hands.