Elder Law: Medical and Statutory Durable POAs

Elder Law: Medical and Statutory Durable POAs

Kimberly Hegwood, elder law attorney at Hegwood Law Group, is discussing  important documents to have in case decisions need to be made if someone is incapacitated and unable to make decisions on their own.
“Now more than ever we tell clients it’s so important to have an estate plan in place, but its’ really, really important for you to have those Power of Attorneys in place,” Hegwood said.

Medical Power of Attorney

A Medical Power of Attorney shows who will make medical decisions for you if you are unable to. It’s important to think about who you want to make the decisions, be sure they understand your wishes.

Statutory Durable Power of Attorney

The Statutory Durable Power of Attorney is a legal financial document that allows you to let someone pay your bills, make sure you’re taken care of or deal with insurance at the hospital. This document will help prevent guardianship and court involvement.

There are normally two options when signing the Statutory Durable POA, either effective immediately or upon incapacity.

“Today, I would always recommend that you do it effective immediately just in case.” Hegwood said.

Both of these Power of Attorneys will help you avoid guardianship and probate court. It’s not a fast process, so getting these documents in place now can save you time, stress and money.

Check out Hegwood Law Group’s online educational workshop “Protect What You Have for the People You Love the Most.”

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