Accidents or a devastating illness can strike at any time, and while most people prefer to focus on the positive aspects of life, preparing for an emergency is the first step for planning for the future. What if an unexpected situation left you or a loved one unable to make financial or health care decisions? Who would you turn to? In your mind, the choice may be obvious, but in the eyes of the law, things are not so cut and dry.
A spouse or child may have differing views than a parent or sibling when it comes to handling your financial or health care wishes. The unfortunate truth is that not having a power of attorney will only lead to costly court appointments to resolve the matter, even if your family members are not at odds.
What are Powers of Attorney?
A power of attorney is a simple document that appoints a person to handle your affairs in the event that you are unable to. Accidents, failing health or a number of other factors can lead to a person needing a power of attorney, and if that unfortunate situation ever arises, being prepared will only make life easier for your family. The documents do not have an expiration date and will remain effective as long as the principle person is alive. Elder Law of California, however, recommends that power of attorneys be revisited every three to five years, just in case life situations change and a new person needs to be added or removed from the document.
Types of Powers of Attorney
A power of attorney falls into two categories, with the Health Care Directive having an additional clause:
Visit Elder Law for a Free Consultation Today!
At Elder Law Services of California, we specialize in drafting power of attorney documents and helping our clients prepare for the future. If you are ready to learn more about the process of appointing a power of attorney or would like to receive a FREE consultation, give us a call at (800) 403-6078.