About
Establishing a POA
In estate planning, most people believe drafting a will is the most important step. While a will can be a good place to start, it may not end up covering all of your bases. The often-overlooked step lies in setting up a Power of Attorney within your estate plan. Typically, the POA is appointed to manage financial or medical matters when you cannot do so yourself in the event you are incapacitated by illness or injury.
With a POA in place, your agent can step in and take care of your affairs for you without delay. In addition, a POA can avoid the need for a formal guardianship or conservatorship, which can entail many court-related costs and hassles, including ongoing court supervision of your financial affairs. While creating a will is essential for estate planning, establishing a Power of Attorney is equally as important to ensure your financial, medical, and legal matters are managed according to your wishes during your life, especially if you are unable to make decisions yourself.
- POA
- Durable power of attorney
- General power of attorney
- Limited power of attorney
- Attorney-in-fact
- Agent
- Principal
- Conservatorship/Guardianship
- Medical power of attorney
- Advance medical directive
Contact Us