What to Know About Powers of Attorney

When creating a comprehensive estate plan, powers of attorney are critical documents that everyone should create. These documents give individuals peace of mind knowing that their assets and medical needs will be protected. It is important to keep in mind two things when creating a power of attorney: appointing a person you wholeheartedly trust to act as your agent and hiring a lawyer who you can rely on who can competently craft your power of attorney. These boxes must be checked to ensure the validity and efficacy of the document are not put in jeopardy.

To learn more about powers of attorney and how our legal team can assist you, continue reading and contact our experienced Des Moines power of attorney lawyer. Our firm is prepared to walk you through each step of the process ahead. To schedule your initial consultation with our team, give our firm a call today.

Here are some questions you may have:

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What are the common types of Powers of Attorney?

There are various types of powers of attorney that you can create. However, the two most common types of powers of attorney are as follows:

Financial power of attorney: This type of power of attorney will give a trusted individual known as the agent the right to make certain key financial decisions on your behalf if you are unable to do so on your own. This may include making decisions regarding your bank account, handling your tax returns, managing our business, and more.

Healthcare power of attorney: This type of power of attorney gives the agent you appoint the right to make certain medical decisions on your behalf if you become unable to do so on your own.

What is a living will?

A living will is a document used to record your wishes for life-sustaining treatment if you are ever in a terminal condition such as a vegetative state. Some people may prefer to be kept alive while others may wish to not be placed on ventilators or feeding tubes if those treatments would only ultimately prolong death. Drafting a living will can ensure that your wishes are carried out if this situation would ever arise.

Living wills and powers of attorney are both very crucial documents to prepare to create a comprehensive estate plan. If you require assistance in casting either of these documents, do not hesitate to contact our Des Moines estate planning lawyer. We are looking forward to hearing from you.

What to Know About Powers of Attorney

What are the common types of Powers of Attorney?

What is a living will?

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