You will not always be able to make crucial decisions concerning your finances and health. You need to be prepared before instances requiring a power of attorney arise. It is important for you to appoint someone to make the crucial decisions on your behalf and carry out your wishes.
One way that you can be able to do this effectively is by giving another person that you trust the power of attorney. In Arizona, there are different types of POA. Some of the major powers of attorneys are the general power of attorney and the medical power of attorney.
General Versus Special Power of Attorney
A general power of attorney gives the agent broad and unlimited authority to act on behalf of the principal to make medical, legal, and financial decisions.
This type of POA is used when an individual wants to grant another individual the authority to make a lot of decisions on their behalf. These decisions include both financial and business decisions. The power of attorney can last for a set amount of time, it can be indefinite or it can last until when a certain condition is met.
A special power of attorney restricts the agent’s authority for specific things like signing closing documents for a real estate transaction.
Additionally, making a power of attorney “durable” is typically a good idea because this makes a power of attorney effective when you are coherent and incoherent or incapacitated.
Medical Power of Attorney
A medical power of attorney is often given to a trusted family member and they have the responsibility of making important medical care decisions on your behalf if you are incapacitated or unable to make the decisions. It also allows individuals to make funeral arrangements in case death occurs.
The definition of the various powers of attorney in Arizona is only a minor issue in the complex process. The definitions for the various powers of attorney in Arizona are straightforward. Even so, it is important for there to be careful consideration of the details that are involved in your particular situation. Choosing a qualified attorney to discuss these issues with will have an impact on your situation.