![]() ![]() However, the authority bestowed upon the financial agent is limited to the management of the principals’ finances. Ī financial agent is similar to a health care agent in that the individual will be granted permission to act on the principal’s behalf when they are incapacitated and unable to make competent decisions. Be an employee of or operate with or have a controlling interest in the health care facility where the principal is a resident or patient.Have a direct responsibility for the principal’s medical care.Have a claim against the principal’s estate at the time the health care directive is executed.Be entitled to receive any portion of the principal’s estate. ![]() Be related to the principal by marriage, blood or adoption.To serve as a witness, the individual cannot: Each witness must sign a statement indicating that they are not restricted from being a witness. Signing Requirements – Must be signed by the principal in the presence of two (2) adult witnesses.Because the agent’s role can significantly affect the principal’s well-being, the individual chosen should be someone the principal considers trustworthy and responsible.Īdvanced Health Care Directive – The primary function of this form is to specify the principal’s end-of-life instructions and to appoint a health care agent. A health care agent is an individual who is given legal authority to speak on behalf of the principal regarding the administration of medical treatments and health care when the principal has become too incapacitated to make decisions on their own. “health care surrogate” or “health care proxy”). Due to the critical nature of the estate planning documents, individuals are advised to seek legal assistance before signing any paperwork.ĭelaware residents should begin the estate planning process by nominating a health care agent (a.k.a. How to Create an Estate Plan in Delaware (6 steps)īy completing the guide below, Delaware residents can be certain that their estate will be transferred according to their preferences when they die while also ensuring the security of their well-being during medical emergencies. For the distribution of the principal’s estate upon their death, the individual may complete the Last Will and Testament and, if necessary, a Revocable Living Trust. These documents will protect the principal’s medical and financial preferences should they lose decisional capacity. The party attempting to prepare their estate, referred to below as the “principal,” will have access to the Advanced Health Care Directive and Durable (Financial) Power of Attorney. ![]() A Delaware estate planning checklist is a document containing important information for people seeking to secure their personal interests in the event of death or medical emergencies. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |