Do You Need A Power Of Attorney?
1. Do you have serious health problems or concerns?
Before you become either physically or mentally incapacitated, you can designate an Agent to act on your behalf. A properly prepared Healthcare Power of Attorney gives your Agent the authority and guidance to relay your specific wishes for medical treatment.
Often when you visit a physician or a medical facility, you may be asked if you have a Living Will, also known as an Advanced Healthcare Directive. This document can relay your wishes for end-of-life care.
A Financial Power of Attorney document can give your Agent the ability to access your financial accounts and transfer real estate, so that finances can be taken care of during your incapacitation. You may also limit the scope of the power – for your own protection! Recent changes in Pennsylvania and Federal Law allow you to take greater control over your affairs during incapacitation. You can appoint a Temporary Agent, to ensure that your assets are protected for later distribution.
2. Do you have nursing home concerns?
Nursing home and long-term medical care costs for the elderly can be overwhelming! Pennsylvania Law allows you to legally shield your assets and financial holdings from a claim by Medicaid.
An Income Trust allows you to avoid the government requirement that you “spend down” your estate, in order to pay for the cost of a nursing home.
If you answered “Yes” to either of these questions, then you need a Power of Attorney and a Living Will.
Covelli & Piscione Law Offices, P.C can help you with this and all of your legal affairs. Call us at 412-653-5000.
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CONTACT INFORMATION
Phone: (412) 653-5000
Address:
357 Regis Avenue Suite 1 Pittsburgh, Pennsylvania 15236-1451
Email: info@covellilaw.com