Enea, Scanlan & Sirignano, LLP
Call Us Today for More Information 914-269-2367

Elder Planning Isn't Just For The Elderly

Do you have a power of attorney in place?

It doesn't matter how old you are -- a catastrophic medical condition could render you incapacitated in a heartbeat. However, the older we get, the more likely such a health problem will develop.

As we age, we're more susceptible to suffering from a stroke or heart attack. We're also more at risk of developing Alzheimer's or another disease that downgrades our mental capacity. For this reason, if you're over the age of 50 and you haven't set up both a health care power of attorney and a financial power of attorney, you may want to do so now before it's too late.

Financial power of attorney

A financial power of attorney gives your representative the ability to make financial decisions on your behalf. Imagine if you suffer from a stroke, and you're unconscious at the hospital. You still need to pay your bills, and you still need to make decisions about your investment accounts.

By naming an individual in a financial power of attorney, you can give this individual the ability to act on your behalf and in accordance with your best interests.

Health care power of attorney

A health care power of attorney is the same as a financial power of attorney -- only it covers your health care decisions. Imagine you're in a catastrophic medical condition where you can't decide whether to have a surgery or not. Your attorney-in-fact named in your health care power of attorney will have access to your medical records and your doctors to ensure you get the best care available.

As a part of your health care power of attorney, you may also want to draft a health care directive. This document will provide direction to your power of attorney, and he or she will be legally bound to follow your health care directive when there is any question about your care.

Select an appropriate attorney-in-fact

An estate planning lawyer can help you draft both a financial power of attorney and a health care power of attorney. Your lawyer can also help you consider the different factors involved in selecting a power of attorney that's appropriate. Ideally, this person should be responsible, available to assist you, and intellectually and physically able to make sound choices on your behalf.

No Comments

Leave a comment
Comment Information
Email us for a Response

Let's Make A Plan For Your Future

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Enea, Scanlan & Sirignano, LLP

245 Main Street
White Plains, NY 10601

Toll Free: 800-724-1327
Phone: 914-269-2367
Fax: 914-948-9316
White Plains Law Office Map

We Can Help You Plan For Your Future. Whether You're Planning Ahead Or Needed A Plan Yesterday, We Have The Experience, Know-How And Desire To Make Your Life Better. Contact Us Today For Your Consultation.