Power of Attorney

By: Gummer Elder Law  07/15/2015
Keywords: Elder Law, Power Of Attorney

While your wIll lets you appoint the person, your executor, who will be responsible for the disposition of your assets after death, a durable power of attorney lets you appoint the person, your agent, who will manage your financial and medical affairs if you become disabled or incapacitated during your life. Under Pennsylvania law, you can give your agent many powers, including, but not limited to, the power to pay bills, make gifts, make bank deposits, buy and sell real estate and securities, sign income tax returns, begin a legal claim, make important medical decisions, and authorize your admission to a medical or nursing facility. Taking the time to prepare your power of attorney now while you are healthy and able to do so will make the process easier for your relatives and loved ones, who will be responsible for managing your financial and medical affairs in the event of your disability or incapacity. Without a durable power of attorney, the court may become involved in your affairs.

Keywords: Elder Law, Power Of Attorney

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