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Power of attorney a helpful provision in estate plans

There is one inevitability in this life, and that is as we get older, we will degenerate and become unable to do the things that we once did. Eventually, we will die. It will happen to everyone. But before that day comes, we have the ability to plan and prepare for the later years of our lives -- and put together a "nest egg" for our family members so that they can live a better life too.

This is where an estate plan can come in to play and help an individual plan out his or her assets and how they want them divvied up to their loved ones upon their death. But also in this estate plan, the grantor can include a power of attorney. This provision is crucial to planning for the end of your life.

As we mentioned above, as we get towards the end of our lives, we will all need some help. This is where a power of attorney comes into play. This allows you to designate someone to make decisions for you. For example, if you become incapacitated and are unable to convey how you want to be medically treated, then someone who has been appointed under your durable power of attorney for healthcare can make that decision for you.

Your power of attorney can also have specific instructions included in the provision, making it clear to your appointee how you wish to be treated.

The healthcare form of the power of attorney is just one possibility. There are many ways to craft your power of attorney to ensure that you are taken care of towards the end of your life.

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