![]() ![]() ![]() Healthcare Power of Attorney (a/k/a Medical Power of Attorney)Ī Healthcare Power of Attorney (Medical Power of Attorney) is a legal document that allows you to appoint someone that you know and trust to make medical decisions for you.Financial decisions typically related to your property or assets, and may include the power to access accounts, pay expenses, buy, sell, exchange, enter into legally binding contracts, create trusts, make donations, etc. It may very well be that you trust the same person to make both financial and medical decisions for you, but not always.Ī Financial Power of Attorney is a legal document that allows you to appoint someone that you know and trust to make financial decisions for you. Conversely, someone with a good beside manner that you trust with making healthcare decisions for you may not have the best financial sense. Why? Because someone you trust with your financial decisions may not have the best bedside manner. That being said, we typically group powers of attorney into two different categories: (1) Financial Powers of Attorney, and (2) Medical (Healthcare) Powers of Attorney. So….there could be 1 million types of powers of attorney. If every stick is a separate power, you could have 1 million sticks in your bundle. Imagine all your individual powers as an American citizen as a bundle of sticks. If you think about all the rights and powers that you possess as a person, each one of these rights and powers can be separately delegated to another person. A Power of Attorney is essentially a delegation of authority to another person. ![]()
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