Designating a power of attorney (POA) is an area of estate planning that many individuals do not consider until it is too late. A POA is a legal document that gives a designated person the power to make financial or medical decisions for you in the event that you are unable to do so yourself. While this may sound risky, it is actually the most reliable way to ensure that your wishes are followed in cases of emergency. The best course of action is to fill out the legal documentation that lists your decisions with the help of an estate planning attorney. These declarations must be legally followed in the event you become incapacitated or cannot make decisions for yourself.
POA for Healthcare
Having set decisions for your healthcare before an emergency occurs is crucial. Those looking into a POA must consider the importance of quality of life and the financial burden that medical procedures can create. Legal documents addressing these matters are also known as advance directives. Power of Attorney for healthcare is one of the most powerful types of advance directives, and the person who is authorized to make decisions for you can ensure that you are cared for according to your wishes. You can give your agent broad authority to act according to how they think you would like matters to be handled, or you can be specific about the types of decisions they are allowed to make and the care you would like to receive.
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