One simple way to be prepared for your future is by having a Healthcare and Financial Power of Attorney prepared to meet your needs.
While unpleasant to think about, it can come about in many ways – for example, what if you are in a car accident and suddenly cannot communicate your wishes.
A properly prepared, fully executed, Power of Attorney allows you to take control (during a time when you think you might not have any) and designate the person or persons you choose to make both medical and financial decisions for you during your recovery time, allowing you to focus on you and getting better, while knowing that the major aspects of your life, like paying your mortgage and utilities are taken care of.
Creating these two documents allows you to make your own decisions by nominating the agents who will make emergency medical decisions and financial decisions for you. And, it does not have to be the same person. You can nominate one person for medical and a completely different person for the financial side.
One thing everyone needs to know is that Powers of Attorney are only effective during a person’s lifetime and the documents are no longer valid after someone has passed.
The future is unpredictable and we never know when we will need support to manage certain aspects of our lives. Having these documents in place will ensure you are prepared for whatever is to come.
Not having them in place will ensure that your support team is forced to go to Court to get the legal authority they will need to help you, when you could have already helped yourself.
Having your Estate Plan prepared, which will include both Healthcare and Financial Powers Attorney, is a simple process that you can get started today, call the attorneys at OWENS & PERKINS at 480.630.2464 to schedule your FREE 30 minute consultation.