Powers of Attorney & Advance Health Directives
It is not uncommon to misunderstand that a Will deals with your affairs in every which way possible if something happened to you. But what if you don’t pass away but lose capacity?
An Enduring Power of Attorney (EPOA) provides the opportunity to appoint someone you trust to manage your affairs when/if you cannot do so yourself. In the absence of a valid EPOA, if you lose capacity your loved ones will be forced down a costly and long drawn out process of having a tribunal appoint someone for you. Importantly, this person may not be who you would trust with your personal and financial affairs.
The Person You Trust
By appointing an attorney, you can choose someone to make financial and legal decisions on your behalf such as banking, paying bills or even selling your home, and also make decisions about where, who visits you or what doctor or hospital you visit. Often considered an insurance policy, an EPOA is there if you need it. Importantly, having a valid EPOA ensures that the person you trust is appointed to manage your affairs when you cannot, instead of someone else.
Advance Health Directive (AHD)
An Advance Health Directive (AHD) can be an additional step you might wish to take in managing your personal or and health affairs in the future.
If you have particular wishes about the kind of care that you receive in tragic situations such as being in a coma or being terminally ill, you may wish to give directions about your health care and take the burden off your attorney in doing so.
Whilst a very personal decision, having an Advance Health Directive may be the comfort you are seeking, both for you and your loved ones should you not be able to communicate these very personal wishes at the most important time.
Need advice on your powers of attorney and advanced health directive? Contact us today.