Welcome back! Our estate lawyer in Cary NC is here to talk with you more about powers of attorney and the difference in each type. Below, you'll find more information that goes along with our previous post. If you missed that blog, be sure to visit with it, as well.
Power of Attorney Types | Estate Lawyer in Cary NC
There are two types: power of attorney for health care and power of attorney for finances. A durable power of attorney for health care is also called a living will or advance health care directive. The person named is given instructions on what to do when it comes to your health. It ensures that you receive the health care you want, even if you are not able to make the decisions yourself.
A durable power of attorney for financial matters is more comprehensive than a regular power of attorney because the person designated is allowed to make all decisions you’ve outlined if you become incapacitated. The person doesn’t have to be a lawyer or financial advisor, but he or she can hire professionals to do the work.
Some people have two different powers of attorney for each area. You may want someone close to you to handle your health affairs because he or she will have to know more intimate, personal details than the person handling your financial affairs. If you choose to list two individuals it is important to consider how well they will work together to ensure that your wishes are carried out and your family and estate are protected.
Eldreth Law Firm, PC | Estate Lawyer in Cary NC
Contact us with any questions or concerns you may have about the difference between a power of attorney and a durable power of attorney. Our estate lawyer in Cary NC is here to help you plan for your future to ensure that your assets are protected should you become incapacitated.
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our estate lawyers in Cary NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, our attorney is here to help you with all your legal matters, whether it be estate planning, divorce, child custody, trademarking, copyrighting, or DWI issues.