Yes — You should have both types of Power of Attorney documentation. No — Just one or the other is not enough
Power of Attorney documents are often an afterthought when someone thinks about their estate plan. Wills and Trusts are used to establish the important directions regarding what should happen to one’s assets upon death, and who should oversee carrying out those directions. However, the planning documents that deal with how things will work while you are still alive but have become incapable of making your own decisions are arguably even more important. This is because you will still be alive and still be impacted by how those decisions are made. A quality estate plan should deal with both de...