The two major categories of POAs are:
| Durable Financial Power of Attorney | Advanced Health Care Directive or Living Will |
| Those that are created to be used by someone to make financial decisions on your behalf. |
Those are created to be used by someone to make medical decisions on your behalf. |
Delegating authority to someone to act on your behalf should you become unable to do so is an extremely important aspect of estate planning. During your lifetime, circumstances might arise when you can’t represent yourself. A power of attorney (“POA”) is a legal document that allows you, the “principal”, to authorize another individual, the “agent” or “attorney-in-fact”, to act on your behalf. You can, of course, revoke any POA at any time in writing. Note that all POAs are revoked at the death of the principal. In addition, unless otherwise specifically provided in the POA document itself, all powers of attorney are automatically revoked in the event of the incapacity of the principal. If the POA contains language specifically authorizing agent to act during the incapacity of the principal, then the POA is known as a “durable” power of attorney, or “DPOA”. Note that a financial POA will only be effective for assets held in the principal’s name.
| Financial Power of Attorney: | $199.00 |
| Advance Health Care Directive | $199.00 |
This information is for general use and is not intended as full and comprehensive instruction. This is intended as an information tool to assist you. For additional information, we recommend you seek legal advice. If you need to consult with an attorney, we will be able to provide you with a referral with one of our collaborating attorneys