Alive and Not-So-Well: What you Have to Know about Powers of Attorney

Estate planning is more than just drafting a will or creating a living trust. It’s about ensuring your loved ones are cared for, and your wishes are carried out when you’re unable to do so. One of the key components of any comprehensive estate plan is a Power of Attorney (POA). This crucial document allows you to appoint an agent to act on your behalf in case you become incapacitated. Today, we’ll be discussing the importance of having a healthcare and financial power of attorney in place, particularly as we enter into those golden years when health or faculties might be at risk.

Healthcare Power of Attorney

Financial Power of Attorney

Now, let's take a deeper dive into why these documents are crucial as we age:

Avoiding Court Intervention:

Without a POA, if you become incapacitated, your loved ones may have to go through a costly and time-consuming court process to manage your affairs. A valid POA helps your family avoid this probate process, saving them time, emotional toll, and money.


Unlike wills that become part of public records, POAs are private documents. This ensures your personal matters remain personal. 

Mitigating Family Disputes:  

A clear POA can help avoid potential family conflicts by stating your wishes explicitly, thus leaving no room for interpretation or disputes. 

Tax Considerations:  

Proper estate planning, including effective use of a POA, can reduce the tax burden on your heirs, potentially saving them a significant amount of money. 

Avoiding… Financial Disaster

Not to put too fine a point on the need for a POA, but here are a few things families, and eventually law firms, have to deal with if the proper precautions aren’t in place:

Taking Steps Now

We understand that discussing these matters can be emotionally taxing.  

However, we also recognize how vitally important this preparation can be!

That’s why we developed the education and tools inherent in the Freedom Plan Trust. 

This unique product offers a comprehensive solution, catering to your need to avoid probate, maintain privacy, reduce tax burdens, and ensure your wishes are followed. 

By setting up your Powers of Attorney and incorporating them into a holistic estate plan like the Freedom Plan Trust, you can provide your loved ones with a roadmap, guiding them through potentially difficult times with clarity and certainty.  

You’re not just planning for an unpredictable future; you’re providing a gift of peace of mind to your loved ones. 

Remember, estate planning isn’t only for the wealthy or the elderly. If you’re a married couple in your 50s or 60s, with children, owning a home, and have assets typically adding up to over $500,000, it’s time to start planning. 

Consider the emotional, time, and financial costs you can save your family by being proactive today.

Our expert estate planning attorneys are here to help navigate you through these decisions.  

Contact us today, and let us help you in setting up a path towards a secure future for you and your loved ones.