Throughout their lives, many individuals will sign various types of legal documents. One of these legal designations that may become an important part of estate planning is the power of attorney. There are two main types of powers of attorney — financial and medical. A person in Florida who wishes to be well-prepared for late-in-life needs may wish to know more about this important role.
The powers of the power of attorney that a person chooses can be very broad or specific and limited. It can be useful to draft exact guidance for the person that is chosen to take on the role so that the individual knows the power of attorney will enact the specific wishes. In the medical role, this person will be authorized to communicate with the person’s medical staff and make decisions if the person should become incapacitated. The instructions can be for when the individual is temporarily incapacitated, permanently incapacitated or at the end of his or her life.
When the person chooses a financial power of attorney, this person will help with financial, contract and property rights. Again, the role can be designed to be very broad or limited to just a few tasks. This will be incorporated into the draft of the document that designates the role.
When looking to the future, a person may anticipate a time when he or she will not be able to make decisions on his or her own behalf. In times such as these, a power of attorney can be useful. In Florida, an individual interested in drafting a power of attorney document may wish to do so with the help of an floridaelderlaw.net/Estate-Planning.shtml”>estate planning attorney.
Source: readingeagle.com, “Aging Well: Learn and understand the powers of attorney“, William R. Blumer, Feb. 11, 2018