Appointing A Power Of Attorney
As you are no doubt aware, life is very unpredictable. The regular course of life can be quickly interrupted by sickness or injuries which can take away our ability to care for ourselves and make decisions about our medical and financial futures. Recognizing how severely the unexpected could upend our lives requires that we take action today to reduce uncertainty tomorrow. Creating a power of attorney is an essential part of building a stable, sustainable future for you and your loved ones.
A power of attorney is a document in which you, as “the principal,” authorize another person, referred to as “the agent,” to act on your behalf if you become incapacitated and unable to make your own decisions – for example, if you are in a coma after a car accident, face a serious complication during surgery, or suffer a rapid decline in your cognitive function. Your power of attorney enables your agent to make legal and financial decisions for you, while you are unable to do so. This can include:
- Paying your medical bills and taxes
- Signing contacts for long-term care
- Buying or selling property or real estate
In certain situations, it can also enable the agent to make decisions about what kind of medical care you receive.
Create Confidence; Reduce Confusion
Creating a power of attorney can provide you and your loved ones with peace of mind and security as you face life’s uncertainties. Clearly designating someone you trust to manage your finances and assets can eliminate many troubling “What ifs?” and reduce confusion and conflict if you become incapacitated. Moreover, putting your power of attorney in capable hands can enable you to move forward with confidence should you recover from your incapacitation.
At [NAP firm name], our estate planning attorneys will work with you closely to understand your goals, evaluate your present and future needs, and help you craft a power of attorney guided by your wishes.