Why You Should Have Will And Power Of Attorney

If you, as the subject person, is about to expire, your family or loved ones will have two options to handle the scenario. They will need a will and power of attorney, so that they can make specific decisions based on your final wishes. The documents should avoid possible disagreements and leave them to move on, even after your demise.

There is a difference between the will and power of attorney, especially if your life is about to end. Here is how they determine a choice:

Having a Living Will

If you are about to die, your family will need to decide on your behalf. The will has your family and loved ones know what type of care you need and wish not to receive. If you can’t speak for yourself, the will will suffice this need. It is general and will have your family or loved ones decide on what to do with you, your personal and real property transactions. However, they may need to secure a power of attorney to do things as you wish.

Why you need a will and power of attorney is to cover situations that can be encountered even if it’sunforeseen. That someone can decide on your behalf no matter how difficult it is.

Having a Power of Attorney

The power of attorney will appoint someone on your behalf especially if your life is about to end. He is responsible for making decisions that are not found in your will. He can also alter or modify your living will. He can possibly cover concerns that are not indicated in the will.

Always remember that if you have someone handling the financial matters, ensure that it doesn’t create conflict with that someone handling your health issues. Ensure that they are two different people that work together for the best interest of you and your family.

With the will and power of attorney, there will be an appointee to handle your estate. As different rules are applied in each state, just ensure that the appointee is at least 18 years old and competent enough to follow what’s indicated in the document.