Most people would agree that the older they get, the more complicated their life becomes. This is certainly true when one compares the worries and responsibility of a young child to those of a young adult. Nature has managed to allow for this, by making sure that our bodies and brains were developed enough by a certain age to be able to handle the increasing complexities of our life. As parents, we often try to do the best for our children. This could involve making sure they get some educationally enriching toys for recreation, which will help them learn things and feed their young brains. Modern technology has undoubtedly created somewhat of a threat, by producing violent and in some cases perverse video games, which tend to attract children, especially young boys. Although they apparently feed some inner need, they also are poor model of how to act in a civilized society.
As parents, we have a responsibility to provide a balanced counterpoint to all of the violence and gore that children are exposed to through television, movies and even their video games. Among the more important lessons that we can teach our children is the need to be responsible, and have respect for our fellow man. Even as adults, we sometimes need to be reminded of our responsibilities toward our own family. Creating and signing a lasting power of attorney is one way to remind ourselves of the importance of having a safety net if something should happen to us. This document, which is often referred to as an LPA, is meant to look after not only our own personal health, but the safety and security of our own family should we become incapacitated due to an accident or illness.
Think Things through
There are really two different areas that you need to be concerned about should you become incapacitated for any reason. On the one hand, there is the financial aspect of your life, such as paying the mortgage, the household bills and even the various insurance policies you may have. It could even involve having someone that you have named run your business for you in your absence. This is referred to as the Property and Financial Affairs LPA. It can designate up to four different representatives, who are legally referred to as your Attorneys, to deal with all the items that the name implies.
But there’s a second document which, depending on your situation, could be equally as important. It is known as the Health and Welfare LPA, and as the name implies has to with any medical decisions that might involve you. Once again, you can name up to four separate individuals to handle any medical decisions that concern you. You may be the candidate for some type of experimental drug, or a new surgical procedure which could make your life substantially better. Your Attorneys will be tasked with making those decisions for you, and inform the doctors or surgeons accordingly.
Have a Strategy in Place
If you want to feel that you are completely protected for any eventuality, you will want to have a lasting power of attorney that covers both your financial and medical needs. Be sure to choose people that you can trust absolutely, as they will be making important decisions regarding your life and well-being, as well as the safety and security of your family.