Do I Need a Power of Attorney?
Almost every person should have both a financial and a health care power of attorney as illustrated by the following:
- If you were unable to manage your financial affairs because you became incompetent or incapacitated, someone would have to be appointed by a court to handle your financial affairs. This could easily cost many thousands of dollars, and your finances would become a matter of public record.
- If you were dying or in an irreversible comatose state and did not want to be kept alive by extraordinary measures a Health Care Power of Attorney is necessary for you to give another person the authority to terminate your medical treatment.