You may have heard the term 'Power of Attorney' being used before, perhaps by your doctor or a close family member. That person likely emphasized how important having one is. You also may be asking yourself, do I really need one? The answer is yes.
A Power of Attorney (POA) grants a person legal authority to act on someone else's behalf and you'll never know for sure exactly when that document may be needed. There are a variety of POAs that serve different needs, which is why it is important to discuss your options with an estate planning attorney.
There is no definitive online solution or a one-size-fits-all quick fix. In the following short video, Foster Swift attorney, Trevor J. Weston, describes certain situations and answers common questions such as:
- The importance of discussing your POA with experienced counsel
- Legal avenues to take if you do not have a POA in place
- When is a POA effective?
- Who should act as a POA?
- Where should I keep my POA and other estate planning documents?
Click here to watch the video...