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Differences Between a Healthcare and Financial Power of Attorney
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Do you want to learn the differences between a healthcare and financial power of attorney in Delaware County? Watch this video and call our attorneys today.
Question:
What is the difference between a healthcare power of attorney and a financial power of attorney in Delaware County?
Answer:
The difference between a healthcare power of attorney and a financial power of attorney is that a financial power of attorney is usually a general power of attorney. The agent can 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 due to unconsciousness or being declared mentally incompetent. A medical professional usually determines when you are incompetent or unable to make medical treatment decisions for yourself and when the agent will start doing so.
Do you have questions about the differences between a healthcare and financial power of attorney? Contact our experienced Media, PA Estate Planning Attorneys for a free consultation.
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