Powers of attorney are a very important part of your estate plan. Your Health Care Power of Attorney and Durable Power of Attorney for Financial Matters appoint “agents” to manage your affairs should you become incapacitated. More specifically, your financial agent is able to step into your shoes and not only pay bills but manage any of your financial or business affairs. Your patient advocate that you designate in your Health Care Power of Attorney is able to make your medical and living arrangements decisions if you are unable to do so for yourself.
Most importantly, by proactively executing your Powers of Attorney, your loved ones will not have to file for guardianship or conservatorship—at great expense and time—through the probate court.
If you need to add these important documents to your estate plan or need them updated, please give us a call!