Power of Attorney
If you become sick or disabled, either temporarily or permanently, who will make decisions for you? There are two kinds of Power of Attorney. One allows someone you trust to manage your finances if you are unable to. The other kind allows someone you trust to make healthcare decisions for you. Every adult over 18 years of age should have both.
A Power of Attorney allows you to appoint someone you trust to handle your affairs if you cannot do so.
If you cannot pay bills, get records or make other decisions, your family should have the power to help you get treatment, pay medical bills, and help you in other ways.
Without a Power of Attorney, your family may have to file what is known as an Article 81 Proceeding, seeking guardianship of the disabled person. This process involves the Court, several lawyers and usually at least $4,000 to $50,000. On the other hand, a Power of Attorney might cost $200.
It is important that you give your family the tools to help you if you cannot help yourself.