Who Can Be Power of Attorney

Who Can Be Power of AttorneyA power of attorney is a legal document allowing an adult of your choice to act on your behalf. There are many situations that merit the need for a power of attorney, and there are just as many options on how yours is prepared and executed. It is important to mention that granting someone power of attorney is your decision. No one can demand or force you to give power of attorney, while you are in good health and can make sound decisions. This is a tool to help you, not a weapon used against you.

What power do they get?

The beauty of a power of attorney is the power is in your hands. You can assign a power of attorney to only act in certain situations. You may allow them to oversee a trust fund or to take your child to the doctor. You may give them a power of attorney that only goes into effect if you become mentally or physically incapacitated. You create the power of attorney and revocation is your choice at any time.

Why would you need a power of attorney

Perhaps you are going away for an extended period of time. Do you need someone to take care of paying bills, overseeing business matters, or being responsible for your children? If there is a medical problem while you are away, someone must seek medical attention and sign papers in your place.

People who are going through an extended illness sometimes assign a power of attorney to act for them until they are well enough to resume their responsibilities. This relieves them from the stress of caring for others and allows time to recover.

People dealing with death, inheritance, insurance, investments, and trust funds may seek a power of attorney that is more experienced and that they trust to act in their best interest.

Who can be power of attorney

Any trusted adult of your choice is eligible for power of attorney privileges, if they will accept the responsibility. You can choose your adult child, spouse, or other family members. Many people choose to omit loved ones and give the power of attorney to a lawyer. This is a popular choice in financial matters or in families where there is a lot of disagreements. You do not have to grant power of attorney to a family member. You may choose a close friend or business associate. Even if you have loved ones, it is your choice who you grant these rights to.

It is important to keep certified copies of your power of attorney with your personal paperwork in the event that something happens to you. The agent (designated power of attorney) must have one. You should inform anyone who may need to know. This includes your family members and doctors. If your power of attorney concerns your children’s school, provide them with a copy as well. If you revoke the power of attorney or issue a new one, let the people involved know. The sooner you have a POA in place, the safer and more secure you are. This is something every responsible adult should have on file.

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