Having a power of attorney is crucial, should you ever become incapacitated, or become incapable of making decisions regarding your health care and/ or finances. When you do not have a power of attorney, the court will deliberate and appoint someone for you, known as a conservator. The duration of judicial steps to appoint a conservator can be lengthy, draining your loved ones of time and money during an already difficult period. The conservator will then have a very broad authority to act on your behalf. Many people prefer to appoint different people for different areas of concern. Perhaps you don’t want your closest living relative making these decisions for you. Or maybe you wouldn’t want the same person deciding how long to keep you on life support also handling your business and financial affairs. You can be in control of this situation, though incapacitated, with a little pre-planning and a “hope for the best, prepare for the worst” mentality.
When determining whom to appoint as your power of attorney, ask yourself the following questions:
- Are they trustworthy?
- Do they fully understand your wishes and agree to comply with them?
- Will they fully understand their duties and be capable of making sound decisions, should an unexpected event occur where they need to make a serious financial or medical decision for you?
- Are they loyal to you and concerned with your best interest?
- Are they good with finances?
- Will they have enough time in their lives to handle the extra responsibility?
By considering these key factors in determining whom to appoint as your power of attorney, you will be more likely to make a sound and safe choice. Let Estate Protectors guide you through the rest of the paperwork process and assist with informing your chosen person of the potential duties of being your power of attorney. Once your documentation is in place, should an emergency arise, you and your family can take comfort knowing that they are carrying out your wishes and handling the situation as you intended.