Thursday, November 1, 2012

Power of Attorney

Have you appointed someone to be your power of attorney?  Do you know what that means?  It means you have authorized someone to act on your behalf, typically with financial decisions.  It means that if you became incapacitated, you already have someone in place who would handle your finances.

Do you know what happens if you become incapacitated and you do not have a Power of Attorney in place?  It typically, though not always, will result in your family having to go through the legal system and appoint someone to act as your guardian and/or conservator.  This process is expensive and emotionally draining on your family, who is already going through a tough time. 

A Power of Attorney is an important legal document to have in place.  It will save you and your family money, time and stress should anything ever happen to you.  I urge each and every one of you to have a Power of Attorney drafted and let your loved ones know where that document is kept.