A power of attorney is a powerful document indeed. However, if you don't create the document now, it could be too late to do so when you need it most. These documents are designed to serve you when you are no longer able to serve yourself -- in other words, when you become incapacitated.
Being diagnosed with dementia can be scary. Although each case is different and a surprise recovery or halt in progression of the illness is not unheard of, most California residents diagnosed with dementia will face a decline in mental, and eventually physical, faculties. At a certain point they will be incapacitated and unable to make decisions for themselves.
One of the most common estate planning documents is called a power of attorney. Powers of attorney can be drafted to grant another person the legal authority to make decisions on your behalf. They can be made to broadly apply to all areas of your life, or they can be made more specifically -- to only apply to certain areas of your life and only in the event that specific conditions are present. Three of the most common kinds of powers of attorney include medical or health care powers of attorney, financial powers of attorney and in loco parentis.
Setting up a power of attorney is a vital part of any California estate plan. The reason you want to have a power of attorney in place is because you never know when a serious and incapacitating accident or medical event might happen.
When selecting a power of attorney, California residents will have several options available to them. Usually, they will have the choice between a general power of attorney, a limited power of attorney, a health care power of attorney or a durable power of attorney.
Orange County patients are more involved now, perhaps more than any time in the past, in making decisions about the medical care they receive. There are times when a person is unable to exercise that control. Serious injuries caused by an accident and physical or mental limitations late in life may rob a person of the ability to make these choices.
As basic components of their estate plans, all California residents should have two primary types of powers of attorney on file: a financial power of attorney and a health care power of attorney. Even if you do not do anything else with regard to estate planning, completing your powers of attorney could save yourself and your family a great deal of difficulty later on down the road.
Two legal terms that we hear a lot are "power of attorney" and "durable power of attorney," but what is the difference between the two?
An important consideration for many people in California who are planning how to handle their affairs is whether or not to have a power of attorney in place. In the event that you are incapacitated due to age, illness or an accident, a health care power of attorney may be a good idea in order to make certain that your loved ones do not have to make difficult decisions regarding the medical care you will receive.
California residents have a variety of tools at their disposal when it comes to estate planning. Some of these tools involve granting individuals or entities powers of attorney. The three main powers of attorney are the health care power of attorney, HIPPA power of attorney and the durable power of attorney.