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What are the Different Types of Power of Attorney?

Topic: Estate planning

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There are two main types of power of attorney:  

Power of attorney for healthcare (also known as a Health Care Proxy document or Medical Power of Attorney)
If you are incapacitated or no longer able communicate your healthcare wishes, the chosen individual (called a "health care agent") will make medical decisions on your behalf. They will work with your doctors to make all major decisions for your care. This will remain in effect until you are able to make decisions for yourself again or until your death. 

Learn more about creating a durable power of attorney for healthcare (a health care proxy document).

Power of attorney for finances
This document names an individual to make decisions for you if you a) do not want to make financial decisions now or b) cannot make them in the future if you are incapacitated or c) a combination of the two. 

You can choose the same person to be your POA for healthcare and finances or separate these powers among two people. You can also specify alternates, in the event the primary individual is unavailable or unwilling to act on your behalf.  Read more about power of attorney for finances.