Power of Attorney and When Should You Get One
Most of you are probably sick of hearing me tell you how important having a power of attorney is for anyone aged 18 and older. A Power of Attorney gives the person or people who you nominate and trust the legal authority to manage your financial affairs. Under the document, you are the “principal” and they are your “agents”. It is especially important to have this in place before you become unable to handle your affairs for yourself. Unforeseen medical events and accidents could require the need for a Power of Attorney when you are not expecting it, which is why I recommend that every adult execute one and review it regularly to make sure the appropriate person is in charge of your finances.