Estate Planning for Health and Financial Matters

Estate Planning for Health and Financial Matters

There are two important and separate matters that are handled by proper estate planning and the appointment of a power of attorney. They are matters pertaining to your financial assets and matters dealing with your health care. In some cases, you may want a different person to have power of attorney for each circumstance. In other cases, the same person may act as power of attorney for everything. Here are a few things to consider. 

Power of Attorney for Financial and Health Decisions 

Should decisions about your health or finances need to be made while you are unconscious or no longer of sound mind, appointing a power of attorney who has specific instructions on how to carry out your directives can help to ensure that matters are still handled as you would want them to be, even if you can’t give the orders for yourself.  

However, you may not always want the same person making all of these decisions. For example, you may want your wife to make financial decisions in your absence but your son to make medical decisions or vice versa. You may even have certain decisions that you want to leave to a party that is not as emotionally tied to you. In other situations, you may have one trusted friend or relative who can handle all of your decision-making as a POA.  

San Diego Residents Planning for Financial and Health Care POAs 

If you are a California resident, especially if you live in the San Diego area, and are looking to designate a power of attorney for health or financial matters, contact the estate planning attorneys at Petrov Law Firm today. We can help you to make informed decisions that will lead to your wishes being carried out as closely as possible. To learn more, call 619-344-0360.