Powers of Attorney
Most people don't like to think about a time when they may be incapacitated and unable to direct their financial or medical matters. But without careful planning, decisions concerning your well-being could end up in the hands of people who know very little about your wishes. Through careful estate planning and the development of powers of attorney, you can appoint a trusted source to express your financial and medical preferences.
What is a Power of Attorney?
A power of attorney is a legal document granting authority to another person to act on your behalf. You may choose to appoint a trusted family member, friend, or an attorney to make financial and healthcare choices at a time when you are unable to speak for yourself. Creating a power of attorney now can help to avoid the expense and potential conflict of future conservatorship proceedings.
Powers of attorney can become effective at the time the document is created. Documents may also be written to become effective only when or if you become incapacitated. In most cases, they expire upon your death.
How Do I Appoint A Durable Power of Attorney?
Durable power of attorney allows you to appoint a person to act on your behalf in financial matters. The goal of establishing durable power of attorney is to protect your interests in the face of unexpected events. At the Freedman Law Firm, we can help you draft a document that will permit your nominated advisor to:
Manage your bank accounts and investments
Pay your bills
File your taxes
Deal with government agencies on your behalf
What is a Health Care Directive or Medical Power of Attorney?
A medical power of attorney appoints a person you trust to serve as your health care agent. He or she will be able to make necessary medical decisions, ensuring you receive the type of care you wish to receive. Your health care documents can go into effect when your doctor determines you are unable to make appropriate medical decisions for yourself.