The Benefits That Come With Using Power Of Attorney

For some individuals, the subject of estate planning can be a touchy one. If you cringe at the mention of wills, trusts, and powers of attorney, you are not alone. By seeking the guidance of Power of Attorney, you can ease the stress and confusion that comes along with making these preparations by using power of attorney. Here are the benefits that accompany using power of attorney

What Is A Power Of Attorney?

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A power of attorney is a written authorization empowering a trusted person to make decisions regarding finances and health care on your behalf, should you lose the capacity to make such decisions on your own. While you may be reluctant to designate such, there are many important reasons to do so.

Power of attorney (POA) can help you build a solid plan for the future of your financial and physical well-being, so you can relieve the anxiety of the unknown and protect yourself from family members who may be inclined to take advantage of your frailty. Most importantly, this is the best way to maintain control of your life, as the person you designate will be required to respect your wishes in every way possible.

Protect Your Assets And Financial Matters

A financial power of attorney authorizes someone else to handle your financial matters. This can include simple tasks, such as opening your mail and paying bills; or more complicated responsibilities like filing tax returns. Either way, consulting an estate planning …

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