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Durable Power of Attorney vs Advance Health Care Directive Understanding the Key Differences
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=wQaQrSWwfDI
To read more about Powers of Attorney: https://www.tyrelawgroup.com/power-of... • To read more about Advance Health Care Directives: • https://www.tyrelawgroup.com/advance-... • To schedule a consultation: https://www.tyrelawgroup.com/contact-us/ • Read our latest blog: https://www.tyrelawgroup.com/blog/ • ------------------------------------------------ • What is the purpose of a Durable Power of Attorney and an Advance Health Care Directive? Attorney William C. Mason sits down to discuss: • A DURABLE POWER OF ATTORNEY is a document that gives somebody you designate the ability to make legal and financial decisions on your behalf. This person you select, your Agent is commonly referred to as your Attorney-In-Fact. Your Attorney In Fact is responsible for managing your legal and financial affairs and has a duty to act in your best interest. A Durable Power of Attorney comes in 2 forms, General and Limited. A General Power of Attorney gives you Attorney-in-Fact broad Authority to act on your behalf with respect to your financial and legal affairs. While on the other hand a limited Power of Attorney gives the Attorney-In-Fact specific and numerated powers to act in your behalf to act with respect to specifically identified matters. A Power of Attorney is typically drafted in one of two ways in regards to “effect”: • Springing: Your Attorney-in-Fact cannot act on your behalf until you are either declared legally incapacitated by 2 doctors or by court order. • Immediate: Your Attorney-in-Fact can begin acting on your behalf the moment the document is signed. • An ADVANCE HEALTH CARE DIRECTIVE also known as a Durable Power for Healthcare or a medical directive gives somebody you designate the ability to make healthcare decisions on your behalf. An Advance Health Care Directive establishes the same sort of Agency relationship that exists within a Durable Power of Attorney along with the same fiduciary duties, however unlike a Durable Power of Attorney; generally an Advance Health Care Directive isn't immediate (although it can be) and instead becomes effective upon your incapacity. • ----------------------------------------- • Please connect with us via these channels: • https://www.tyrelawgroup.com/ • / 100027942684929 • https://youtube.com/@TyreLawOffices?s... • https://maps.app.goo.gl/mpxEyKArugMBD...
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