Media Estate Planning Attorney Clarifies Healthcare vs. Financial Power of Attorney
As an experienced Media Estate Planning Attorney I am often asked what the difference is between Healthcare Power of Attorney vs. Financial Power of Attorney. The difference between a healthcare power of attorney and a financial power of attorney is that a financial power of attorney is generally a general power of attorney. They allow the agent to make financial and business decisions for you, and it’s often used in estate planning. A healthcare power of attorney or a healthcare proxy as it’s also known, allows your agent to make medical decisions for you if you become unable to do so, whether it’s from being unconscious or being declared mentally incompetent. Normally a medical professional will be the one to determine when you are incompetent or unable to make medical treatment decisions for yourself and when the agent will start doing so.
Are you wondering what the difference is between Healthcare Power of Attorney vs. Financial Power of Attorney? If so, contact the experienced Media Estate Planning Attorney Steven Chisholm.