Medical powers of attorney allow competent adults to make medical decisions for you in a medical crisis. A physician, employee, residential health care provider, or employee of a residential health care provider may not be allowed to act as your agent in some states.
Fremont, CA: Medical and financial powers of attorney are advance directives that let someone make decisions for someone else, with trusted individuals keeping an eye on their interests and following their wishes. This article has similarities and differences in legal actions between medical and financial power of attorney.
Financial Power Of Attorney
A financial power of attorney (POA) allows a person to manage your finances as a financial professional or a trusted family member or friend when you can't handle things yourself, whether paying bills, taking real estate, or dealing with isolated situations.
How a Financial Power Of Attorney Works
Even if you're not incapacitated, you can set up a power of attorney (POA) immediately or after something happens. It gives someone else control of assets and can be hard to revoke. It's important to never give a POA to someone you don't trust. The original document is handed over to the agent, who can present it to third parties. Getting POA forms in many states, banks, and brokerage firms is easy.
