No matter how healthy you are today, a major health crisis or a serious accident can leave you incapacitated tomorrow. Failing to create a power of attorney often means someone who may not be familiar with your wishes will make important medical and financial decisions for you.
At Statt Law, we believe that establishing a power of attorney is a critical component to every family's estate plan. We create all types of power of attorney documents for those located in Harrisburg, Mechanicsburg, and all throughout Central Pennsylvania.
Health Care Vs. Financial Power of Attorney
By establishing a power of attorney, you are naming a person you trust to act as a fiduciary over your decisions. The person you name is referred to as the agent and acts on your behalf in the eyes of the law.
The types of decisions the agent will have authority over depends on the type of power of attorney you implement. The two primary kinds of power of attorney documents are:
- Health care power of attorney – This document allows you to name someone who will be responsible for making medical decisions on your behalf.
- Financial power of attorney – A financial power of attorney will conduct financial transactions and decisions for you. Depending on your needs, you can give a financial power of attorney broad control over your financial decisions or make it more limited in nature.
Durable & Non-Durable Power of Attorney
You can also establish how long your power of attorney is in effect by establishing either a non-durable or a durable power of attorney:
- Non-durable – Non-durable powers of attorney are more limited in nature. It will no longer be in effect if you become incapacitated.
- Durable – A durable power of attorney remains in effect after you have become incapacitated. A durable power of attorney allows the agent you name to continue to make decisions on your behalf while you receive medical care.
Each of these powers of attorney may be appropriate for you and your family. We will take the time to learn about your unique circumstances and identify which type of power of attorney is right for you.
An Estate Planning Team Focused on Your Interests
A power of attorney is a document too important to ignore. Our lawyers will walk through the process, providing you with the details needed to make an informed decision about your estate plan. We offer a flat-rate fee, meaning you can contact us at any time to get answers to your questions with incurring large legal expenses.