A Power of Attorney document is a vital part of your effective estate plan.
Unlike a Will or a Trust, the Power of Attorney is effective only while you are living.
The Power of Attorney allows you to appoint an agent to handle your financial affairs. The agent can make these important decisions when you are unable to do so yourself.
The Power of Attorney is also used to ensure that if you become disabled, you have control over the choice of guardian and conservator that might be appointed by a court to care and handle decisions for you.
It’s a very useful and important document. The Power of Attorney is good not just for emergencies but also for when things need to be done while you are unavailable.
This short video discusses the value of having a Power of Attorney: