What are the benefits of a Power of Attorney Plan?

What is a Power of Attorney Plan?

A Power of Attorney Plan provides several important benefits for individuals seeking to ensure their wishes are respected and their interests protected. The following sections will help you better understand the purpose and advantages of establishing such a plan.

Types of Power of Attorney Designations

Power of Attorney designations generally need to be established with the assistance of an attorney to create the appropriate legal documents. These may include:

• General Power of Attorney (sometimes referred to as “POA”)
• Durable Power of Attorney
• Health Care Proxy
• Advance Health Care Directive
• Living Will