When you start the estate planning procedure, you will be approached with the terms “General Power of Attorney” and “Healthcare Power of Attorney.” During estate planning it is extremely important that you understand these terms completely, given that they can considerably impact your health and well-being throughout and your family after life.
General Power of Attorney
Remember that a General Power of Attorney is utilized for people to act when you can not. You need to thoroughly select not only the individual, but likewise the powers supplied to him or her because this individual will have complete control over and access to your property, assets, and more.
Health Care Power of Attorney
When you are starting the estate planning process, consult your attorney and request specific information about whether or not you need a Health Care Power of Attorney or a General Power of Attorney. More than likely your estate planning attorney will recommend both for the added security and security of your life, assets, and property.