A power of attorney is a legal
document you can use to give someone else the authority to
take specific actions on your behalf, such as signing your
checks to pay your bills or selling a particular piece of
real estate for you. If a power of attorney is durable, it
remains valid and in effect even if you become incapacitated
and unable to make decisions for yourself. If a power of attorney
document does not explicitly say that the power is durable,
it ends if you become incapacitated.
There are two kinds of durable powers of attorney: a durable
power of attorney for finances lets you name someone to manage
your financial affairs if you become incapacitated, and a
durable power of attorney for healthcare allows someone to
make medical decisions for you if you are no longer able to
speak for yourself. Preparing these two documents, along with
a healthcare directive -- commonly called a Declaration and
commonly thought of as a living will -- that sets out your
wishes for medical care, ensures that your health and financial
matters will stay in the hands of trusted people you choose.
Securities offered through
J.P. Turner & Company, LLC (Member SIPC).
"J.P. Turner & Company, LLC is not affiliated with Warren Steinborn Associates"
Legal Disclaimer Privacy
Policy JPT050610-579
|