Power of Attorney
Control who makes decisions when you are unable to.
When properly drafted and executed, a Power of Attorney form
(also known as a POA) can help ensure that your financial decisions are made
only by those you trust. A Power of Attorney allows for a person or persons
(agent) to act on behalf of the person granting them the power in their place.
This means that a trusted relative or friend can assist you with your financial
and legal obligations.
The biggest benefit of a Power of Attorney, is that it
allows your agent to continue to act on your behalf even after you may lose the
ability to act for yourself. A properly executed durable Power of Attorney
allows the agent to act on behalf of the principle even after they are deemed
to be “incapacitated”. This can allow your agent to act on your behalf if you
ever lose consciousness, or are otherwise unable to properly communicate.