![]() The individual defined in a Durable Power of Attorney document will be required to act on the principal’s behalf should they become incapacitated by managing their finances according to the principal’s wishes. Ī financial agent can be selected before or after a medical attorney-in-fact. Signing Requirements – The power of attorney must be signed by the principal in the presence of a notary public or by the principal in the presence of two (2) witnesses.On top of authorizing the selected person to make medical decisions on the principal’s behalf, a power of attorney allows the agent to consent to withholding medical treatment or stopping the treatment should they deem it necessary. Medical (Health Care) Power of Attorney – This legal instrument provides the principal with the ability to select their health care agent (referred to in the document as attorney-in-fact). ![]() The agent must also be able to take into consideration the advice of the health care professionals assigned to the case and the demands of the principal as relayed in the Medical Power of Attorney. ![]() When selecting a health care agent, the principal (the individual whom the agent represents) will be required to seek out someone who is trustworthy and able to act with the principal’s best interests in mind. It is recommended that an attorney be present during the creation and execution of all legal documents pertaining to the distribution of assets and election of healthcare/financial representatives. Create Legal Instrument for the Estate TransferĮach step of the estate plan provides further security for the individual preparing for the end of their life.How to Create an Estate Plan in Tennessee (6 steps) The guide also covers the administration of an estate following the passing of the owner the documents required to set this into motion are the Tennessee Last Will and Testament and the Living Trust. The below step-by-step guide outlines the process of electing an attorney-in-fact for healthcare and financial decisions, something that is made possible through the creation of a Medical (Health Care) Power of Attorney and a Durable (Financial) Power of Attorney. It is also useful for those who are seeking to have their affairs managed by a trusted agent should they become incapacitated. A Tennessee estate planning checklist is a document used to see that an estate is distributed in accordance with the estate owner’s wishes.
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