Financial and Medical Powers of Attorney are a simple and useful Estate Planning document that everyone over the age of 18 should have executed. Even as a “twentysomething”, in good health, without a mortgage or a family, you need a Financial and Medical Powers of Attorney.
A Financial and Medical Power of Attorney allows you to designate an agent to act on your behalf with respect to making financial and medical decision. The power of your agent to act can be initiated either immediately or at the time of your incapacity. These documents can be useful in the following situations:
You are in a car accident and unconscious and would like for your parent to be able to make medical decisions and mange your finances
You live across the country from your parents, but they manage your finances
You are in a coma and would like for your parent to be able to make medical decisions regarding your care
Drafting a Financial and Medical Power of Attorney form is a standard part of Estate Planning at Gendelman Law Group. Contact us at (720) 213-0687 or by clicking here to speak with one of our attorneys about a Financial and Medical Power of Attorney.