Unexpected events such as a car accident or a work related injury can change your life in the blink of an eye. From minor injuries to life threatening medical complications, you should be proactive in ensuring that your family are taken care of in the event you become incapacitated. Two main legal tools most people use to protect their family finances and medical preferences if they become incapacitated are a durable power of attorney and advance healthcare directive. Below is an overview of the benefits of having each one. Read on to learn more.
The Benefits of Durable Power of Attorney
A durable power of attorney is a legal document that authorizes an agent to act on your behalf in the event you become incapacitated. The authorized agent can sign contracts and checks on your behalf, file tax returns, in addition to enter into real estate transactions. Having a durable power of attorney will make sure that your financial affairs are properly managed according to your wishes.
When deciding who to name as your agent, make sure you appoint a person of trust to carry out your wishes and not take advantage of you when you are incapacitated. Further, because the durable power of attorney ends upon death, it’s best to pair it with another estate planning tool such as a living trust or a last will and testament. A living trust will make sure that your property will pass to your designated beneficiaries upon your death without going through the probate process, unlike a last will and testament. Contact us for more information on how to prepare a living trust or last will and testament.
The Benefits of Advance Healthcare Directive
An advance healthcare directive is a legal document that allows you to provide in-depth instructions about your medical treatment preferences to your physician and loved ones. Such preferences detail the type of medical treatments you want such as diagnostic testing, surgery, and resuscitation. When preparing your advance healthcare directive, make sure it includes the specific medical treatments you want, whether you would like to spend your last days in a nursing home, medical facility, or at home, and your pain management requests.
Having an advance healthcare directive is beneficial because it allows you to appoint someone to act on your behalf in the event you are incapacitated and it allows you to give specific instructions about the medical treatment you want. If you have a serious medical condition, you should consider preparing an advance healthcare directive. Do not wait until you are hospitalized to decide your medical future. Talk with your doctor about your end of life healthcare treatment options.
Contact us for more information on how we can help you draft an advance healthcare directive.
Help With Your Durable Power of Attorney, Healthcare Directive and Estate Documents
Here at A People’s Choice, we have helped thousands of California residents prepare their durable their power of attorneys and advanced healthcare directives. We offer a variety of packages to meet your estate planning needs. Call 1-800-747-2780 to speak with a representative about our services.