WHY POWER OF ATTORNEYS AND ADVANCED MEDICAL DIRECTIVES ARE IMPORTANT TO YOUR ESTATE PLANNING
A Power of Attorney (POA) and Advanced Medical Directive are incredibly important piece of your Estate Planning efforts. Your POA and Advanced Medical Directive allows you to appoint another person, known as an “agent,” to act in your place. An agent can step in to make financial, medical or other major life decisions should you become incapacitated and no longer able to do so.
FINANCIAL POWER OF ATTORNEY
Why Do I Need A Financial Power Of Attorney?
The most common need for a power of attorney is potential incapacity. If you are incapacitated and cannot pay your bills or deal with your personal affairs, you need someone to take care of those tasks to transact in your name.
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DURABLE HEALTH CARE POWER OF ATTORNEY
A durable power of attorney for health care names a person (often referred to as an “agent”) to make medical decisions on your behalf if you are no longer able to make health care decisions for yourself. This document is also known as a health care proxy or health care power of attorney.
ADVANCED MEDICAL DIRECTIVE
An advance directive speaks for you if you are unable to, and helps make sure your religious and personal beliefs will be respected. It's a useful legal document for an adult of any age to plan for future health care needs.
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