The Essentials

MEDICAL DIRECTIVEAlso known as a living will or advance health-care directive, it lays out the kind of care your parents want if they become ill or incapacitated DURABLE POWER OF ATTORNEY FOR HEALTH CAREGives you authority to make health-care decisions for your parents. Also referred to as a health-care proxy PRIVACY RELEASEA release, under the Health Insurance Portability & Accountability Act, authorizes access to your parents' medical records DURABLE POWER OF ATTORNEY FOR FINANCESLets you manage your parents' finances, including paying bills or selling property REVOCABLE LIVING TRUSTEnables parents to retain control over their estate while transferring assets to beneficiaries Data:

The Aging of Abercrombie & Fitch
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