Advance directives have
become an important complement to estate planning. While estate
planning will determine
what happens to your assets after death, more and more we must be
concerned about what happens during life. The following documents
are an essential part of any “complete” plan.
Health Care Proxy
A Health Care Proxy allows you to appoint an agent to make medical
care decisions for you, in the event that you lose the ability to
make these decisions yourself. In light of recent events, appointing
a health care agent is of the utmost importance to ensure that important
health decisions will be made in the event you become incapacitated.
Hospitals, doctors and other health care providers must follow your
health care agent's decisions as if they were your own. You may give
your health care agent as little or as much authority as you want.
You may allow your health care agent to make all health care decisions
or only certain ones. You may also give your agent instructions that
he or she is required to follow. Additionally the Health Care Proxy
form can be used to state your wishes with regard to organ and/or
tissue donation.
Living Will
A Living Will is your own written expression that you do not wish
to be kept alive in the event that you are unable to communicate
your health care decisions and you suffer from an incurable or irreversible
condition with no reasonable expectation of recovery. It is used
in conjunction with a Health Care Proxy. A Living Will is not used
to pass assets to your beneficiaries after your death.
We recommend that you have both a Living Will and a Health Care Proxy.
Although health care providers are required to follow the instructions
of your health care agent, they may be unwilling to take life-ending
actions. The existence of a Living Will confirming your desire for
such action may be enough to convince the health care provider that
your health care agent has your best interests at heart.
Power of Attorney
A Power of Attorney allows you to authorize someone else to sign
your name to any non-health care related document (including financial
documents) without any further consent. Having an “attorney-in-fact” can
be of great assistance in the event that you become incapacitated,
as there will be someone available to access your funds and take
care of your financial affairs. If you become incapacitated without
having a Power of Attorney, the appointment of a guardian may be
necessary to manage your financial affairs. This can be a lengthy
and costly Court proceeding.
However, a Power of Attorney can also be used for fraudulent purposes,
if entrusted to the wrong person it. Your “attorney-in-fact” should
only be someone you trust to handle all of your financial affairs
during an emergency with the utmost confidence.
Don’t entrust your and your family’s future to some do-it-yourself
book or a “legal document preparation” service. Our attorneys
have more than 30 years in advising clients on how to prepare for
the future. We take you future seriously. You should too.
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