A Durable Power of Attorney should be a part of every Florida resident's estate plan. It authorizes someone (the "agent") to manage the financial affairs of another (the "principal"). The Durable Power of Attorney may also impact on Florida Medicaid planning, as an agent may need certain powers in order to help the principal achieve eligibility for Medicaid long-term care benefits.
A durable power of attorney and a health care proxy are two very important estate planning documents. Both allow other people to make decisions for you in the event you are incapacitated. Because the individuals chosen will have to coordinate your care, it is important to pick two people who will get along.
Do you want to live out your last days hooked up to a ventilator or a feeding tube? Whether you want your life to be extended as long as possible or whether you want no life-sustaining measures at all, you need to make your wishes clear beforehand. Chances are you won’t be able to express yourself when a crisis is at hand and a decision needs to be made.