Advance Directives: The 3 Most Common Types and Why You Need Them

Advance directives are an important aspect of estate planning that allow you to plan for the future and ensure that your wishes are respected in the event of incapacity or end-of-life care. Despite their importance, many people are not aware of what advance directives are or how they work. In this post, we'll cover the three most common types of advance directives and why you need them.

1. Durable Power of Attorney for Health Care

A durable power of attorney for health care (DPOA-HC) is a document that allows you to appoint a trusted individual, known as an agent, to make medical decisions on your behalf if you become incapacitated and unable to communicate your wishes. Your agent will have access to your medical records and will make decisions based on your expressed wishes or best interests. This document is important because it ensures that your wishes regarding medical treatment are respected, even if you are unable to communicate them yourself.

2. Living Will

A living will is a document that specifies your wishes regarding medical treatment and end-of-life care. It can include instructions on the use of life support, pain management, and other medical interventions. This document is important because it gives your medical team a clear understanding of your wishes in the event of a life-threatening situation. It also provides peace of mind for your loved ones, who won't have to make difficult decisions about your care without knowing your wishes.

3. Durable Power of Attorney for Finances

A durable power of attorney for finances (DPOA-F) is a document that gives someone else the authority to manage your finances and make financial decisions on your behalf if you become incapacitated and unable to do so yourself. This document is important because it ensures that your finances will be managed in the way you would want, even if you are unable to do so yourself.

In conclusion, advance directives are an important aspect of estate planning that allow you to plan for the future and ensure that your wishes are respected in the event of incapacity or end-of-life care. Whether you choose to create a durable power of attorney for health care, a living will, or a durable power of attorney for finances, it's important to work with a qualified attorney to determine the right documents for your specific needs and circumstances. By having advance directives in place, you can ensure that your wishes are respected and that your loved ones are provided for in the way you would want.