Chapter 23 - Postmortem, Health, and Special Groups Planning

Question 1

General Durable POA

Answer 1

Starts today but remains effective through incapacitation.

Question 2

General POA

Answer 2

Starts today but becomes invalid when the person becomes incapacitated. Does not work well for end of life planning.

Question 3

Special/limited POA

Answer 3

Certain people have specific powers and control over different properties or assets.

Question 4

Springing POA

Answer 4

Becomes operative when a specific event happens i.e. incapacitation.

Question 5

Advanced Medical/Health Directives

Answer 5

Medical POA - Help make medical decisions for someone

Health Care Proxy - Simpler version of POA that enables someone to receive information

Living Will - Expresses your specific health wishes if you become sick or ill, i.e. Do not resuscitate

Question 6

5 wishes document

Answer 6

Explains certain things to your family that you would like i.e. funeral home, service details, health care agent

Question 7

SNT (Special Needs Trust)

Answer 7

Cannot set up after age 65