Yes. Everyone should have a power of attorney in place. A power of attorney is the legal document that allows your representative to access your accounts should you become incapacitated and unable to do so. Here are some general things to consider as you decide on your power of attorney:
- You can have one or more personal representatives
- You can make it broad (covering everything) or narrow (covering an account)
- It will only trigger when you are deemed incapacitated and unable to make your own decisions
- You should keep possession or control of it
- You can tear it up or shred it at any time
Do not hesitate to get a power of attorney done. It is a legal necessity and should be part of everyone’s personal documents.
For more information contact Attorney Drew today by visitating http://www.attorneydrew.com