How Do You Execute A Power Of Attorney?
If an accident or illness incapacitates you to the extent that you can’t make important decisions for yourself, these decisions may instead be made by the courts, the health-care system or financial-service providers. Their rulings may differ drastically from your own wishes. To protect yourself and your family in any contingency, draft a power of attorney–a legal document that allows the people closest to you to make decisions on your behalf in the event that you can’t. Select someone you trust and who has your best interests in mind to act as your power of attorney. Typical charges include your spouse or partner, sibling, adult child or parent. Keep in mind that this person may have access to your bank account, Social Security checks and investment portfolio. Understand the range of decisions someone with POA is authorized to make. He or she can buy or sell your real estate, manage your property, conduct your banking transactions, invest your money, make legal claims and conduct lit
