As a caring parent, your top priority is ensuring that your child is always well cared for, even when you’re not there to do it yourself. At Shields Law, we understand the needs of families with loved ones with disabilities, and we’re here to help you plan for both their present and future needs.
If you’re looking to plan for your loved one’s future without limiting their autonomy or legal rights through guardianship, our compassionate team can assist you in establishing power of attorney documents. Let us help you protect your child’s future and provide peace of mind for you and your family.
Financial and Medical Powers of Attorney
A power of attorney (POA) is an estate planning tool that allows you to make decisions on behalf of your loved one when they cannot do so themselves. In special needs planning, the most common types of powers of attorney used are financial and medical power of attorney documents.
A financial power of attorney grants you the authority to make financial decisions and manage the financial affairs of another person. This can include managing bank accounts, paying bills, handling investments, and making financial transactions on behalf of the individual.
On the other hand, a medical power of attorney (also known as a healthcare proxy or healthcare power of attorney) allows you to make medical decisions for them. This can include deciding on medical treatment, surgeries, tests, etc.
When you have a loved one with special needs, a POA can help ensure that their financial and medical decisions are made in their best interests. It provides peace of mind for both the individual and their family, knowing that there is a plan in place in case of any unexpected events.
By setting up a power of attorney, you’ll be better equipped to advocate for them in various medical or financial situations, ensuring those choices truly reflect what is best for them.
Powers of Attorney and Special Needs Planning
Powers of attorney (POA) play a significant role in special needs planning. As your loved ones with special needs grow and face new challenges, having the proper legal tools to support them is vital.
Here are three key reasons why securing a POA should be at the top of your priority list:
- Protection: A POA safeguards your loved one’s financial, medical, and personal well-being.
- Control: You can choose who will serve as the decision-maker, ensuring that the person aligns with your values and goals for your loved one.
- Flexibility: Tailored provisions can address unique concerns or preferences related to your family member’s care.
Don’t leave your family member’s future uncertain – let our team at Shields Law guide you through the process and ensure that every aspect is handled professionally and compassionately.
Empower Your Special Needs Plan With Shields Law
You’ve likely heard stories about families struggling when a loved one is incapable of making important decisions. This can lead to stress and heartache for everyone involved. But it doesn’t have to be that way – by working with our team at Shields Law, we will help you navigate the process of obtaining powers of attorney so that you can confidently make decisions on behalf of your family members.
Don’t let uncertainty dictate your future; take charge and empower yourself through proactive legal planning with our experienced professionals. Contact us today.