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Power of attorney important for when you cannot make decisions

A power of attorney in Maryland gives a person you appoint the power necessary to make important decisions for you if you become unable to do so. This power, that is vested in the other person, may be restricted or very broad in scope, based on the document's specific terms. There are various types of powers of attorney, with a couple of noteworthy ones being the special power of attorney and the health care power of attorney.

Power of attorney important part of estate plan

For a person in Maryland, one difficult aspect of engaging in estate planning involves choosing the individual who will receive the power to take action on his or her behalf in the event of death or incapacity. This type of power is known as the power of attorney. Choosing the correct individual or individuals depends on many factors.

Power of attorney essential for addressing health care situations

When people in Maryland engage in estate planning, they often focus on creating wills. Although wills are certainly important for addressing what would happen to one's assets in the event of one's death, death usually is not the major issue people face. When a debilitating illness or medical event, such as a stroke, happens, a power of attorney is of the utmost importance.

Durable power of attorney offers valuable benefits

A power of attorney is an essential part of any estate plan in Maryland. It enables a designated entity or person to act on another person's behalf in the event the other person becomes incapacitated. The power of attorney document specifically gives the designated party the ability to make medical treatment-related and/or financial decisions for the incapacitated person.

Durable power of attorney can cover all situations

In Maryland and other jurisdictions, more than one type of power of attorney is available for estate planning. Despite the ability to cover a wide range of circumstances, a general power of attorney loses its effect when the individual who granted the power becomes incapacitated. A durable power of attorney, however, remains in effect after the maker becomes incapacitated.

Power of attorney gives much responsibility to agent

Estate planning is important to do early enough in life before an illness or disability takes away one's ability to make important decisions for him- or herself. Planning for a time in life when people may become mentally or physically incapacitated can help them feel more comfortable about their futures. A power of attorney that puts someone they trust in charge of financial and healthcare decisions can help residents in Maryland feel more secure about how their affairs will be handled when they are no longer able to make decisions on their own behalf.

Maryland residents with dementia should have a power of attorney

Dementia can attack anyone, so all Maryland residents should plan for a future that could require help from a loved one. Putting a power of attorney in place before this happens is essential. The papers that need to be addressed can be done so with an attorney, but many different types of papers have to be considered.

Maryland power of attorney signatures are very important

Correctly signing a legal document can be as important as the information contained in the document. Professionals remind Maryland residents that there is a certain way to sign a legal document when acting as a power of attorney. . As using one's power of attorney is, in fact, a legally binding action, it is imperative that documents be signed properly.

Medical power of attorney in Maryland worth the effort

The reason medical facilities in Maryland and across the country always ask about such things as advanced directives when they admit a patient is because of the Federal Patient Self-Determination Act of 1990. This ensures that each patient who is on Medicare is informed of his or her right to make decisions about his or her own health care. One way to have a say in this is for each individual to have a medical power of attorney in place. It's also crucial the named agent is an individual that the person granting the power trusts implicitly and is also one who understands and accepts the specific wishes of the individual making the appointment.

Maryland Power of Attorney has many variables

At first glance, the issuance of a power of attorney may appear straightforward. In fact, in order for a power of attorney to be valid, the legal document must simply specify that the maker of the document gives the power to make certain decisions for that individual to another person. In Maryland and other states, there are a wide range of issues to consider when drafting and executing such a document.

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