You, and every person over the age of 18, need two powers of attorney. A power of attorney names a trusted helper to act on your behalf when you are unable to do so yourself. The Financial Power of Attorney The financial power of attorney authorizes your trusted helper to sign your name and conduct business on your behalf should you become incapacitated. Your trusted helper is called an “agent” or “attorney in fact,” depending on state law. It is wise to name a succession of agents in … [Read more...] about You Need Two Powers of Attorney
Medical Power of Attorney
If you’re considering including incapacity planning in your estate plan (and you definitely should be), it’s important that you understand the use of the different available legal documents. A comprehensive estate plan will allow you to have the best plan in place so that your needs are always met. Did you know…? An advance health care directive is a document that allows you to spell out your wishes regarding end of life treatments and procedures. Many people use their advance health … [Read more...] about Incapacity Planning: Medical Issues
You’ve, likely, heard the term, “power of attorney.” Powers of attorney are legal documents used to authorize someone else to act on your behalf, in some sort of legal situation. There are financial, health care, real estate, and business powers of attorney. Financial powers of attorney are often called, “General Durable Power of Attorney.” “General” means that the document covers a myriad of situations, mainly financial and personal business oriented. “Durable” means that the power of … [Read more...] about What’s a Power of Attorney?