Life is unexpected, and it is important to have a plan in place to make sure your interests are protected, no matter what. If you should become physically or mentally incapacitated for any reason, a Power of Attorney will ensure that the person of your choosing is appointed to make financial and medical decisions for you. There are different types of Powers of Attorney, and it is important to understand these and how they may serve your needs. You also want to be certain that a Power of Attorney is properly established to avoid any issues if and when it goes into effect.
Serving all of Maryland, our Friendship Heights estate planning attorneys can help you learn more about Powers of Attorney and how establishing one may help you.
Types of Powers of Attorney & How They Work
There are different types of Powers of Attorney, which may carry out specific roles. Your Power of Attorney can be customized to your needs and concerns.
Our Friendship Heights Power of Attorney lawyers can help with a:
- General Power of Attorney, which appoints a person or organization to manage your assets and financial affairs, if you should become mentally/physically unable to do so. This goes into effect if you become incapacitated.
- Healthcare Power of Attorney, which appoints a person or organization to make decisions related to your healthcare and medical treatment, if you should become incapacitated and unable to make or communicate these decisions.
- Special Power of Attorney, which appoints a person or organization to act on your behalf in specific and certain circumstances.
- Durable Power of Attorney, which becomes effective immediately upon signing, appointing a trusted person or organization to manage finances, make healthcare decisions, or otherwise manage specific matters for you.
To learn more, call our office or contact us online. During a confidential consultation, we can discuss the options available to you so you can make an informed decision.