Planning ahead is always a wise course of action to take. When it comes to your end-of-life care or the future of your financial investments and affairs, planning ahead is necessary. Without powers of attorney in place, your family could fall into financial ruin and you could receive healthcare that you don't prefer. With the help of a Las Vegas estate planning lawyer, you can get the trusted representation that you need.
In the state of Nevada, you can create a power of attorney — also known as a durable power of attorney for healthcare — that designates an individual to make medical decisions on your behalf should you become incapacitated. When you create a durable power of attorney, you will need to designate an agent. The agent will be the person who will take care of all healthcare decisions for you upon your incapacitation.
You cannot choose a healthcare provider, employee of your healthcare provider, operator of a healthcare facility, or employee of a healthcare facility to be your agent. Most people choose a spouse, a close friend, or a family member to take on this role. When choosing an agent, choose someone who you can trust and who is dependable.
In addition to creating a power of attorney, you may want to create a living will. This document specifies any medical treatments that you do or do not want to receive if you are ever incapacitated. An agent in a durable power of attorney can make sure that the terms of your living will are carried out accurately.
Another type of power of attorney you can create concerns your financial affairs. A Las Vegas probate lawyer at our firm can help you to draft one of these documents so that your finances will be taken care of should you become incapacitated. If no one is handling your finances, and you are incapacitated because of a sudden emergency, bills may go unpaid and investments may fail. Similar to a healthcare power of attorney, you must choose an agent for this arrangement.
The agent will have full jurisdiction over your accounts when you are incapacitated. This responsibility includes handling your small business, making repairs on a home, or paying bills and making bank deposits. You can designate the duties you want your agent to take on in the document.
If you want to create a financial or healthcare power of attorney, our accomplished team at Bowler Dixon & Twitchell LLP can help you. We have more than 45 years of combined experience in law and we understand how to appropriately assist clients in the Las Vegas area.
Contact us today to get the trusted representation that you need to organize your powers of attorney!