Power of Attorney For Estate Planning
A Power of Attorney or POA is a legal document that is put in place to designate another person to act on your behalf to make all decisions (in specific matters or in all matters depending upon the POA). The most common question regarding the Power of Attorney is, “Do you need one?”
The need for a Power of Attorney could arise due to special circumstances for any individual over 18 years of age.
Military Deployment: Military personnel can create a POA before deployment overseas in order to protect their families and so that someone can on their behalf should they find themselves incapacitated during the course of their deployment.
Frequent Travel: Younger individuals may benefit from the increased peace of mind that comes from having a POA in place if they travel frequently. This covers them with someone designated to handle their affairs in the event of their absence. This is particularly appropriate if the individual has no spouse to handle their affairs while they are unavailable.
Advanced Age: The most common reason to establish a POA is advanced age; the most common time period to establish the Power of Attorney is during retirement.
Power of Attorney For Estate Planning | What to Do Now
If you fall into any of the above categories or another category that makes having a Power of Attorney in place advantageous, contact one of the experienced Arizona estate planning lawyers from Hildebrand Law. We can assist you in selecting someone you trust to handle your affairs in the event of an emergency. You could also establish a POA that is only applicable if you are no longer capable of handling your own affairs or one that only goes into effect so your agent can respond on your behalf in your absence (while deployed, traveling, etc.)
Please note: Your spouse does not immediately have your Power of Attorney over any property that is in your name alone.
Take advantage of the reassurance that comes with having a POA in place. They are the instruments that provide you with a wide variety of protections: financial, real estate/property, and health care etc. They are also the means by which you can allow your family to avoid being forced into costly and time-consuming delays in the event you are incapacitated and do not have a POA designating who should be in charge of life or death decisions.