Why can Healthcare and Financial Powers of Attorney be the most important documents you have while you are alive?
By having Powers of Attorney (POA) in place, you – rather than a court – provide instructions for your own medical care and financial decisions in the event you are unavailable or become mentally incapacitated to make such decisions. With a healthcare power of attorney, you provide instructions to your designee in the event you become terminally ill, fall into an irreversible coma, or are placed on life support. With a financial or durable power of attorney, you – rather than the court – select a succession of agents to carry out your personal financial business in the event that you are rendered temporarily or permanently unable to make your own decisions.
Age is not the only factor to consider. These powers can also be appropriate for those in the military, travel overseas for business, or in other such circumstances. It the tragic event someone is involved in a serious accident, having executed powers of attorney in place provide untold relief to loved ones.
Attorneys in our firm will explain various options related to these POAs and the benefits and concerns associated with each. After understanding your situation and preferences, our attorneys will skillfully craft powers as broad or as limited as you like to meet your unique circumstances.
General Power of Attorney – authorizes your Agent to act on your behalf in a variety of different situations.
Special Power of Attorney – authorizes your Agent to act on your behalf in specific situations only.
Health Care Power of Attorney – allows you to appoint someone to make health care decisions for you if you’re incapacitated.