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Your last will and testament is a document that legally declares who you want to manage and distribute your estate following your death. This document clearly outlines your wishes regarding the disposition of your real and personal property upon your passing. You must sign and date this document and have it witnessed by two individuals not related to you.
A power of attorney lets you give someone else the power to make financial decisions on your behalf. It also allows you to give that same person the power to conduct your financial affairs, such as selling a vehicle, writing checks and paying bills. You can include general powers or you can specify specific actions that the person can take.
A power of attorney is written authorization from you directing another party to serve on your behalf when it pertains to legal matters. Limited or specific power of attorney means that you only authorize your designated agent to represent you under specific circumstances, such as taking care of contract negotiations or if you are temporarily incapacitated.
A power of attorney for health care living will lets you designate a person to make medical decisions for you if you are unable to make these decisions for yourself. All of your medical information will also be accessible to this person, but your agent will only be permitted to make decisions if two doctors judge you unfit.
A living will is a document you can use to specifically state your wishes regarding receiving medical treatments in the event you are later incapacitated. It informs your healthcare providers and caregivers about the amount and type of life-extending treatment you authorize them to perform if you are unable to make decisions on your own.
A guardianship designation allows you to select a trusted individual to care for minor children if you are not able to. With a power of attorney, you can choose someone to handle financial or legal matters on your behalf. This document can be set up to only give someone these rights in the event of your incapacity.
Whenever you have to leave your child in the care of another, it's important to give a caregiver consent for medical treatment. Such a document provides contact information for both you and your child's doctors and authorizes the individual taking your place as your child's guardian to seek medical care if necessary while you are absent.
If you had previously granted power of attorney to another individual for whatever reason, you need to sign a document called a Revocation of Power of Attorney to legally withdraw the power that you have given them over your affairs. You do not need to state a reason in order to issue a revocation.