Financial and Medical Powers of Attorney

by | Aug 2, 2016 | Attorney

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There’s no telling what could happen tomorrow. One minute, the day is great, the warm weather holding and the next, you could slip, fall and land yourself in an accident. While some injuries might lead to nothing more than scratches and a bruise or two, others are more extensive and life-threatening. In these cases, people find themselves unable to make decisions for themselves. That’s where a power of attorney comes in.

Powers of Attorney

Most people opt for a medical and financial power of attorney. These are:

*    Financial – usually done with a general power of attorney, these gives someone you trust the right to take care of your finances. From collecting assets to paying your bills, this allows someone to oversee and manage your estate if you’re incapacitated and unable to perform those duties yourself.
*    Medical – This give someone the right to make medical decisions on your behalf when you can’t make them yourself which is often what happens if you’re under anesthesia. It works like having a healthcare proxy. With a medical power of attorney, your family can oversee your treatment and ensure it’s done in compliance with your wishes. This is especially important if you want your treatment to comply with your religious beliefs. Others go for a No Resuscitation order. Whatever your wishes are, whoever you assign with this power will make sure treatment follows your living will in every way.

Choosing Someone

While you can certainly choose the same person for this, plenty of sources like Investopedia recommend assigning these to different people. The best reason is practicality. Both involve different fields and one might be knowledgeable in numbers, taxes and properties but not when it comes to treatments and long-term consequences. To avoid overwhelming whomever you choose with a ton of work and concerns, it’s best to pick different people to get the job done. With, you can can create your Living Will and Medical Power of Attorney in Houston by answering simple questions and following the on-screen instructions.

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