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Power of Attorney – How Vital Are They?

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A power of attorney is a staple to have within a proper estate plan. Without them, there’s no telling who could be put in charge of your belongings and care in a time of incapacitation. The alternative, a court supervised guardianship proceeding, is an expensive and time-consuming procedure that is one to avoid whenever possible.

There are two main types of powers of attorney – health and financial.

A healthcare power of attorney allows someone to appoint an agent, or a list of potential agents, to work with healthcare professionals in order to maintain proper care for them when they may be incapacitated. This document can include specific details regarding who is to be appointed, when they would take over care, and important details as to their care that would otherwise not be known. Likely included with this document is something called an advance directive, otherwise known as a “living will”.

On the other hand, a financial power of attorney then allows someone to appoint an agent, or agents, to work with their property in their best interest, whether effective immediately or only upon disability.

When having both of these documents in place, you will be able to effectively avoid court involvement and ensure care for your person and property is exactly how you would want it to be.

To learn more, please join us for an upcoming FREE seminar. If you have questions or concerns about your estate plan, contact the experienced estate planning attorneys at Sinclair Prosser Gasior by calling (410) 573-4818 to schedule an appointment.

Sinclair Prosser Gasior Annapolis Headquarters office is now located at 183 Harry S. Truman Pkwy, Suite 104.

Nathan Seidle
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