Power of Attorney

Naming Your Trusted Representative For Your Most Delicate Times

A slightly uncomfortable truth is that you will not always be cogent enough to make decisions about your health and finances. For these situations, it is crucial to appoint, ahead of time, someone to carry out your wishes and make important decisions on your behalf. Giving someone power of attorney is an effective way to accomplish this. There are several different types of PoA, such as: 

  • General Power of Attorney: A general power of attorney is used to designate someone with the authority to act on your behalf if you are living but unable to manage your own financial affairs due to disability. Someone with general power of attorney can carry on business transactions, real estate, and other financial matters. 
  • Medical Power of Attorney: This estate-planning document names a representative, often a trusted family member, the authority to make crucial decisions about your medical care when you are no longer able (incapacitated). It addresses your wishes about end-of-life care. 

Assigning power of attorney should be done in conjunction with – not in place of – a Will or trust. A proper estate plan combines many elements to achieve your goals and make sure your loved ones are secure. Ready to get started on yours? Reach out to Monahan Law Firm, PLC today.

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