Naming a Power of Attorney
What is a power of attorney?
A power of attorney is a specific legal document that is usually
a part of a
comprehensive estate plan. A power of attorney will allow you to name an individual who
can take charge of your medical care and/or financial and legal
decisions if you become incapacitated, disabled, or otherwise
unable to make decisions of your own sound mind.
There are two types of power of attorney and each type implies
its own set of benefits. In order to provide you with more
comprehensive protection over your healthcare needs and assets,
it will be wise to seek legal counsel to properly draft both
types to best suit your needs
Types of powers of attorney include:
-
Medical Power of Attorney: commonly known as
an "advanced healthcare directive," you will have
the ability to name a trusted person to oversee your medical
care and make decisions regarding your treatment if you are
unable to do so due to illness or incapacity.
-
Financial Power of Attorney: commonly known
as a "durable power of attorney". Financial powers
of attorney will allow you to name an "agent" to
handle financial decisions or transactions on your behalf if
you are unable to make decisions on your own, due to illness
or incapacity. Because your agent will be in charge of your
financial affairs, you will need to name someone whom you can
trust.
At The Woodbury Law Office, we can guide you through the process
of creating a power of attorney for your healthcare and/or
financial needs. When it comes to your healthcare and financial
matters, your needs are incredibly important to us, and we can
inform you of the various risks or benefits associated with your
decisions.
Make a Decision to Safeguard Your Future
If you would like to learn more about estate planning or how a
healthcare or financial power of attorney can help you, we would
be happy to sit down with you and discuss your desired situation
confidentially. We understand that these types of major legal
decisions are incredibly sensitive in nature. Janell Woodbury at
The Woodbury Law Office always operates under the highest
degrees of privacy and discretion.
Contact The Woodbury Law Office today to schedule your free
consultation.