Tag Archives: living will

What You Need to Know About Powers of Attorney

A power of attorney document permits the recipient—usually a trusted relative or friend—to exercise specific financial or medical decisions on your behalf. While you can find sample power of attorney (POA) forms online, it is in your best interests to work with an estate planning lawyer who can help you tailor the documents to your specific situation and wishes.

How a Power of Attorney Works

Comprehensive power of attorney documents cover financial and healthcare decisions. They grant certain powers to the person you designate as your agent, who will manage specific financial matters or make medical decisions on your behalf if you become too sick to manage these matters and make decisions for yourself. A living will specifies your medical treatment and end-of-life preferences if you become unable to state those preferences due to an illness or accident. Continue reading