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Planning Intermediate: Powers Of Attorney and Advance Medical Directives

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1.
Unless your power of attorney is "durable," your agent will not be authorized to act on your behalf if you become disabled.
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True. That is the import of the word "durable."
2.
Because of its importance and complexity, an advance medical directive is a document that is generally best left to be prepared by an attorney.
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False. Most states have sample forms provided by law that can be obtained online.
3.
A good advance medical directive _______.
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All of the above. These are all good reasons to have an advance medical directive.
4.
A springing power of attorney takes effect immediately upon signing.
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False. A springing power of attorney "springs" into effect only when you become disabled.
5.
Which of the following is an important power to grant your agent in your power of attorney?
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The power to handle tax matters and deal with the IRS. Your agent is not permitted to write your will, and should not have authority to use your accounts for any purpose that he or she wants.