Powers of Attorney for Property Management
- A Power of Attorney for Property Management allows the person to designate someone to manage their financial affairs – sign checks, pay bills, manage investments.
- Powers of Attorney become effective only once doctors determine that the person is incapacitated and is unable to make decisions on their own, and terminate at death.
- If there are no Powers of Attorney in place:
- The person may not get the treatments they want.
- The court may appoint someone who is not their first choice to make decisions for them.
- The loved ones will have to make really hard decisions.
- The case may end up in court, and a judge who has no medical knowledge will be deciding what sort of care the person should receive.