Planning for the unexpected? Discover the crucial steps to secure your future with a Power of Attorney! Learn how to entrust your most important decisions to a trusted individual for peace of mind.
You must first identify who you want to appoint to hold the responsibility as your power of attorney. We call this a POA. This should be a person or institution that you vehemently trust to carry out your personal desires and wishes. They can be responsible for your financial health and well-being. Once identified you need to have a discussion with that person so that they understand and accept the responsibility. It is important to understand that you are not giving up your control today, you are appointing somebody at a point in time in the future to handle your affairs by some triggering event.
An example of such an event might be a coma, dementia, Alzheimer, or an accident rendering you unconscious or unable to articulate your desires. Whatever the incapacity your trusted person will need to have control to make decisions on your behalf.
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