Does Your Elderly Loved One Need a Power of Attorney? If your elderly loved one does not have a power of attorney in place, it is a good idea to discuss this option. A power of attorney can help to bring peace of mind and allows your loved one to know that a trusted helper will be there if he or she is ever unable to make important medical or financial decisions. Learn more about the need for a power of attorney below. Medical power of attorney This is an important legal document that will name an agent who will be responsible for making important medical decisions. This trusted helper looks out for the best interest of your loved one and will make decisions based on your loved one’s wishes. It is also recommended that your loved one also has a living will. This will be used to express your loved one’s personal health care preference not to be hooked up to machines at the very end of life. Financial power of attorney This is an important legal document that will name an agent who will be responsible for making financial decisions. This trusted helper is responsible for a variety of things such as handling daily expenses, managing money, managing investment accounts and filing tax returns. How to talk to your loved one It is important to explain the above documents to your loved one. Take the time to explain the benefits of having a power of attorney. It is beneficial to let your loved one know that this is a great way for him or her to stay in control. If your loved one is not attracted to the idea of a power of attorney, do not force it. All you can do is present the ideas to your loved one so that he or she is able to make a decision. If you have questions about creating a power of attorney for your elderly loved one, consult with an experienced estate planning attorney. Experienced estate planning attorneys Seattle WA of the Byrd Garrett PLLC offers estate planning and business planning resources to residents of Seattle WA. To learn more about these free resources, please visit www.byrdgarrett.com today.
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