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Helping a Loved One Make a Power of Attorney

Many people find themselves in the painful position of seeing a family member or close friend lose the ability to make medical and financial decisions. If the person you’re caring for is still of sound mind and receptive to the idea of setting out medical wishes and naming someone to handle financial matters, you can help prepare and finalize both medical and financial powers of attorney.

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Helping Your Widowed Parent

  1. Find assets.
  2. Collect insurance.
  3. Apply for benefits.
  4. Change title to jointly owned assets.
  5. Update will and trusts.
  6. Take steps to avoid probate court.
  7. Update insurance policies.
  8. Make a health care directive (living will).
  9. Make a financial power of attorney.
  10. Organize documents.

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power of attorney

A document that gives another person legal authority to act on your behalf. If you create such a document, you are called the principal, and the person to whom you give this authority is called your attorney-in-fact. If you make a durable power of attorney, the document will continue in effect even if you become incapacitated. For examples, see durable power of attorney for finances; durable power of attorney for healthcare.

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