YES!! A power of attorney allows you to name an agent to manage your financial affairs. A medical directive allows you to name an agent to make medical decisions for you in the event you are unable to make them yourself. Do not wait until you are in need of these documents.
If you do not have these documents and are deemed unable to execute these documents due to mental incapacity, your family will have to file a Guardianship and Conservatorship action. This requires filing a petition with the court, evidence from doctors and a hearing. If this occurs you may have no choice in who the court appoints to handle your financial and medical affairs. Additionally, the cost difference is a no-brainer!
Powers of Attorney and Medical Directives generally cost about $300.00 each and a Guardianship/Conservatorship action about $5,000.00.
By Tucker Griffin Barnes | Published August 21, 2017 | Posted in Charlottesville Attorney, Medical Directive, Power of Attorney, Wills and Trusts Attorney
Charlottesville Divorce Attorney - What To Expect During Your First Family Law Consultation
Protect yourself during Move-In or Move-Out of an Apartment
How do I find a good personal injury attorney?
Charlottesville Estate Planning Talk
Charlottesville Personal Injury - What Is My Case Worth?
""Bill Tucker and his team were the answer to my real estate prayers! After being transferred to another state .."" - Short Sales
""Yvonne Griffin represented me in an accident case that required many months of hands on attention .."" - Personal Injury
""Ms. Barnes, I cannot thank you and your staff enough for taking my case at was a very dark time for me .."" - Social Security Disability
""Lynn Bradley has been a force that has proven to be competent, professional and exceled at her work .."" - Worker's Compensation
""Ms. Hakes, Thank you so much. You don't know what a wonderful gift you just gave to me, my son's .."" - Criminal Defense
""When you first interview Laura Butler, it is apparent you are in the presence of a true professional in all .."" - Family Law
""Mr. Tucker, I cannot thank you enough for all your work. I wish everyone had your work ethic and attention .."" - Real Estate