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Why should you file for a power of attorney?

On Behalf of | Apr 6, 2022 | Estate Planning

If you want to protect your future, a power of attorney may be a great help. This document would allow someone else to decide on matters for you, in the way that you wish, if you can no longer make your own decisions.

You choose the conditions

When you fill out the forms, you can list specific instructions about how the agent should act on your behalf. These instructions can cover anything from medical decisions to estate management to business changes. You can set a timeframe for how long these powers should last and you could limit your agent’s abilities in some areas. You can also revoke certain powers if you change your mind on anything later.

You choose the agent

When you file for a power of attorney, you can choose who you would like to act on your behalf. This way, you can avoid having your affairs land in the wrong person’s lap. You could pick a family member, an associate or someone else entirely. A court can rescind your agent’s powers if it decides that it is the right thing to do, but as long as your agent acts within reason, there should be no trouble.

When it comes to a power of attorney, you must think hard about what you want and make sure you understand the terms. With careful consideration, you may enjoy new peace of mind without having to worry as much about the future.