Why is a Power of Attorney so important?
What will happen to you if you are in a serious accident? Do you have a power of attorney established to allow someone to make medical decisions on your behalf? While it can be hard to face these decisions, it is necessary to do so before it is too late. A power of attorney will help your loved ones to make the right decisions when you are incapable of doing so.
What Is a Power of Attorney?
A power of attorney is a legal document that provides someone you choose to act in your place. If you ever become mentally incapable of making decisions, a power of attorney allows someone you choose to make medical and financial decisions on your behalf. A power of attorney document will stay in effect while you are incapacitated until you are able to handle matters on your own once again.
The person you name will be legally permitted to care for all your medical and personal needs including paying your bills, managing investments, and making medical decisions. If you do not take the time to create a power of attorney, your loved ones can end up fighting in court to determine who should make decisions.
Medical Power of Attorney
A medical power of attorney is set up to tell loved ones what to do for your medical needs. When you establish a medical power of attorney, you are showing the hospital and courts that you are naming a trusted person to make decisions for you. Health providers will consult with the person you have named on your behalf to discuss your health condition and determine what is in your best interest.
Financial Power of Attorney
A financial power of attorney gives someone of your choice the power to handle financial transactions on your behalf. Financial powers of attorney are normally quite simple, but can be comprehensive if you have a large estate. You can give a person as much authority over your finances as you choose. This person will normally handle simple tasks such as sorting through your mail and email, paying bills, depositing Social Security checks, paying taxes, and watching over your investments.
Contact our Salt Lake City, Utah law firm to discuss your power of attorney needs and create the best plan possible for your needs. Green Legal Group is here to help, (801) 405-7827.