A legal document that allows someone, known as the principal, to identify and authorize another person, known as the agent, to take care of legal, medical, and financial matters on their behalf should they be unable to do so themselves.
A power of attorney is vital for anyone – regardless of age – who has money and assets to protect and/or who wants someone to act in their best interest in terms of healthcare choices should they be unable to make decisions for themselves.
Unfortunately, if one becomes incapacitated without the proper POA paperwork in place, a court may appoint a guardian to handle their affairs. It may not be the person they would have chosen themselves.
At Reid Council Law Firm, a POA is included in our Will and Trust packages. Contact us today to schedule your legacy building planning session at http://www.reidcouncillaw.com.