A durable power of attorney is what I like to tell my clients, probably the most important document you can have while you’re still alive. It is the legal document that allows somebody to step into your shoes if you become incapacitated, and be able to carry out those day to day financial decisions that people always do for themselves. A good durable power of attorney is also a very important tool to have if you’re talking about Medicaid or long term care planning, because if you’re incapacitated, it will give the person that you choose, your agent, the ability to do what’s necessary in order to protect the most amount of your assets possible, while also qualifying you, whether it be for Medicaid or any other kind of governmental benefits.
Stay In Touch