Power Of Attorney

Power Of Attorney

What is a ‘Power of Attorney’?

A “Power of Attorney”, commonly referred to as a “POA”, is a legal document that gives someone else the right to act on your behalf if something happens that prevents you from making decisions on your own.

There are two types of Power of Attorney. The first is Power of Attorney for Personal Care, which enables the person you appoint to make decisions about your health care, housing, and other aspects of your personal life if you become mentally incapacitated and unable to make such decisions. The second is Power of Attorney for Property, in which the appointed is responsible for making decisions about your financial affairs.

Many people believe that their families can simply step in and make decisions should they no longer be able to; however, this can lead to a variety of issues, as family members may disagree as to who has the right to make decisions regarding your medical care or your finances.

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When preparing your will and arranging your finances and advanced medical directive, it is important to grant a trusted acquaintance power of attorney in the event of your incapacitation. A Power of attorney is also important for those who are not necessarily incapacitated, but who are more comfortable relinquishing the responsibility of managing their estate to a trusted advisor.

When selecting your power of attorney, it is important to choose a person you trust to act in your best interests. It is also vital that this person is qualified to act on your behalf, and possesses the requisite knowledge and skills to make wise decisions. When preparing your power of attorney document, the best course of action is to enlist the help of a qualified legal representative with extensive experience with these types of documents. The lawyers at Stupartlaw Professional Corporation have been preparing power of attorney authorizations for decades and will ensure that your wishes are articulated clearly.

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