A Power of Attorney (POA) is a written legal document which authorizes another person to make financial and legal decisions on your behalf during your lifetime. It’s an important document needed to protect your finances, health and personal decisions as you age and as life unfolds. Making these decisions now provides certainty that your affairs will be taken care of according to your instructions in the event you are temporarily unable to manage them. A POA may require medical proof of your incapacity before taking effect, or it may be effective when signed and delivered to its intended recipient.
Note: The information in this blog is not legal advice. Consult a lawyer for advice for your situation.