Discussing durable powers of attorney
At Barberi Law, we understand that our clients can become concerned about estate planning at any point in their lives. No matter your age, health or financial situation, it is wise to protect yourself and your heirs. One significant part of a comprehensive estate plan involves the discussion of powers of attorney. Our lawyers have experience answering a wide range of questions, including:
- What is the difference between a durable power of attorney and a health care power of attorney?
- If I have a power of attorney, can I still make my own financial decisions?
- What happens if my proxy doesn’t follow my instructions?
These and many more questions can be answered by our skilled estate planning attorneys. No matter your situation, we encourage you to contact our office and schedule a consultation with an experienced lawyer.
The power of attorney and living wills
- What is a living will?
A living will is a written document directing doctors, lawyers, spiritual leaders and family members to follow the directions of the individual creating the document regarding his or her health care wishes. This document directs others to take certain actions, but unlike a power of attorney, it names no specific individual to make decisions to implement the wishes of the maker of the living will.
- What is a power of attorney?
A power of attorney is a legal instrument giving legal authority to another individual. This document is typically used in the event that an individual ever becomes medically incapacitated or otherwise unable to make legal, medical or financial decisions. An individual called an agent or a proxy is assigned to make decisions on the incapacitated person’s behalf. Powers of attorney can assign broad or narrowly designated authority on an agent.
- Do I need a lawyer to prepare a power of attorney?
Even with all the information available on the Internet or at your local library, it is still wise to contact a skilled attorney for help. An experienced lawyer can carefully examine your finances and your unique situation and tailor a power of attorney document to specifically meet your needs, including gifting authority, the power to create trusts and when the document becomes effective.