How Do I Choose My Power of Attorney?

Powers of attorney are important and powerful tools in the hands of a trustworthy person, but it can also be a dangerous tool in the hands of the wrong person, which is why you should consider carefully who and how you choose to give powers of attorney. Power of Attorney Power of attorney (POA) is a document where you authorize someone, often called an agent, to act on your behalf should you no longer be able to do so. There are numerous reasons why one would establish a power of attorney, including military personnel prior to deploying overseas, or a young person who travels frequently, but the most common time to establish a power of attorney is for elderly people who may face a longer-term health crisis or other situation that may render them incapacitated. By giving someone powers of attorney, you authorize them to conduct legal and financial obligation on your behalf. How to Choose a POA The risks of naming someone as your POA should be readily obvious because the person…

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