Choosing Your Power of Attorney

Choosing Your Power of Attorney

Power of Attorney
The power of attorney document is an important aspect of any comprehensive estate plan. While a will protects your estate after you pass away, a power of attorney protects your interests and finances should you become unable to manage your affairs yourself. Your power of attorney gives significant authority and access to the individual you choose, so you should give careful consideration to your designation. Family Members Many people want a close family member to be in charge of their affairs if they become incapacitated. For example, many spouses have the other one as their power of attorney. This can make sense because your spouse often knows your affairs better than almost anyone else. However, you need to make sure that you change your power of attorney if you get…
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