People often ask these questions about Powers of Attorney:
What is a Power of Attorney?
A Power of Attorney is a legal document that authorizes a designated person to handle your financial matters under certain circumstances that you determine. An Advance Health Care Directive is a special type of Power of Attorney that states how you wish health care matters to be handled if you are incapacitated.
What’s the difference between a Durable Power of Attorney and a regular Power of Attorney?
A Durable Power of Attorney is effective even if you become incapacitated. Non-durable Powers of Attorney terminate if you become incapacitated. If your intention is to give someone the authority to handle your financial affairs in the event of your incapacity, then a Durable Power of Attorney might be the best choice. It’s important to discuss your individual situation with a qualified attorney who can specifically advise you.
More about Powers of Attorney:
Used in conjunction with other estate planning tools, Powers of Attorney and Advance Health Care Directives can provide an extra level of security for the management of your affairs.
