Who should have a power of attorney?
Everybody. Seriously. You never know when fate will strike and you can’t make decisions for a few days.
People going to boot camp should have a temporary power of attorney so somebody can pay their bills while they are away.
People going to a nursing home should also have a power of attorney.
What is a power of attorney?
A power of attorney means that you have signed a paper giving somebody else the right to make decisions and sign for you. No matter what you have heard, they do not remain active past death.
When should you have a durable power of attorney drawn up?
Now. As soon as possible. Like insurance, if you have it you’ll probably never need it…
Why have a power of attorney?
- Who do you want making decisions if you are unable?
- What kind of decisions do you want them to make?