Council on Aging - Answers 2023 - 65

COUNCIL ON AGING - SOUTHERN CALIFORNIA
KEY ELEMENTS TO CONSIDER:
An Agent: The person(s) you identify to
carry out your plan is known as an agent,
representative, and/or trustee. When creating a
plan, choose your agent(s), representative(s), and
trustee(s) wisely.
LEGAL DOCUMENTS (aka the road map):
Power of Attorney (POA): A power of
attorney allows your chosen agent to manage
your property, assets, and personal care. You
can assign complete responsibility for managing
these things to one agent or delegate certain
responsibilities to different agents.
Advance Health Care Directive (AHCD):
An Advance Health Care Directive identifies a
representative to manage your health care. This
includes decisions about what medical treatment
you receive, who can access your medical records,
and whether or not you wish to receive life
sustaining care.
Council On Aging - Southern California | 714-479-0107 | www.coasc.org
Will: A will dictates how your property
and assets will be distributed at the time of
your death. Without a will, your assets will
be distributed by the probate courts through
succession per state law.
Trust: A living trust dictates how your property,
assets, and decisions about your person will be
managed during your life and at the time of your
death. Trust assets are managed by a designated
trustee(s) (which may be you while you are alive)
and used for your benefit as the trust instructs.
SHARING YOUR PLAN:
Once you have a plan in place, share it with
family members, physician(s), and any business
or organization that your plan concerns. Make
sure your agents, representatives, and trustee(s)
have a copy of your plan or know where your
copies are kept.
Excerpts reprinted from California Advocates for
Nursing Home Reform. www.canhr.org
Answers Guide 23/24
65
FINANCE, LEGAL & FRAUD PREVENTION

http://www.canhr.org http://www.coasc.org

Council on Aging - Answers 2023

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