As you move through life, there are very important milestones you will hit. You will graduate from college. You will get married. You will have children. You will buy a house. You will buy a car, or two or three. You might get divorced. You will have grandchildren. All of these milestones come with risks. They are even riskier if you don’t have an estate plan in place that names a power of attorney.
You need to understand that the power of attorney named in your will and other estate documents will be someone responsible for carrying out your wishes. They could also be chosen to make medical and financial decisions for you in the event that you become ill or injured to the point where you are incapacitated.
Above all else, you need to pick someone you trust for this position. You want to know that he or she will fulfill your wishes without causing any issues with other family members or those who are named in your will.
The person you choose should be younger than you and not the same age or older. This could lead to you having to name someone new if he or she precedes you in death. Pick someone who is markedly younger than you, like an adult child or someone else in that age range.
Your choice for power of attorney should have a keen eye for detail. He or she needs to catch mistakes quickly so that your wishes are not left in the dust. They also need to have a rapport with doctors, lawyers and other professionals.
Choosing the right person to be your power of attorney can be stressful. Once you find someone who meets the requirements in this post, you should feel more comfortable about your future in Crystal Lake.
Source: Everplans, “How To Choose A Power Of Attorney,” accessed May 30, 2018