What Happens If You Can't Make Your Own Decisions?
Life can be unpredictable. Accidents, illnesses, or other unforeseen events can leave us unable to manage our affairs. That's why it's crucial to have a plan in place. Powers of attorney, healthcare directives, and other strategies can ensure your wishes are carried out and your loved ones are protected in case of incapacity.
Powers of Attorney: Appointing Your Trusted Agent
A power of attorney grants someone you trust, your agent, the authority to decide on your behalf. This can include financial matters like paying bills, managing investments, or selling property. There are two main types:
General Power of Attorney: This gives your agent broad authority to act on your behalf in most situations.
Durable Power of Attorney: This remains in effect even if you become incapacitated.
Healthcare Directives: Expressing Your Wishes
A healthcare directive, also known as a living will, outlines your preferences regarding medical treatment in case you cannot communicate them yourself. This can include decisions about life support, resuscitation, and end-of-life care.
Other Strategies to Consider:
HIPAA Release: This authorizes your chosen agent to access your protected health information.
Guardianship: If you have minor children, you may need to designate a guardian to care for them in your absence.
Trusts: Trusts can provide asset protection and help manage your estate according to your wishes.
Don't Wait Until It's Too Late
Planning for incapacity is a proactive step that can provide peace of mind for you and your loved ones. Having these documents in place ensures that your wishes are respected and your affairs are handled efficiently.
Contact Andrea Aston, Attorney at Law
Andrea Aston is a dedicated estate planning attorney who can help you create a comprehensive plan that addresses your unique needs and goals. Don't wait until it's too late. Schedule a consultation today to discuss your options and protect your future.
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