Wednesday’s Wisdom:
While we believe it’s important for everyone to have a durable Power of Attorney (appoints an agent to handle your financial matters & can take effect either immediately or only upon incapacity) and a Health Care Proxy (a medical power of attorney which appoints an agent to make medical decisions in the event that you become incapacitated), this article explains why it’s particularly important for seniors to have these documents in place:
As the article points out, do-it-yourself options do exist, but if they’re not properly constructed according to state law, the documents will not be effective so it’s critical to consult an experienced estate planning attorney. Call us at 518-313-7809 to schedule a consult for a Power of Attorney and Health Care Proxy.