1/28/2025 0 Comments Do I Need a Power of Attorney?What's a power of attorney? Do I need a power of attorney? In many instances, the answer is a resounding "yes." A power of attorney is a document by which you would grant to another person authority to make decisions for you. This generally would not involve you "giving up" authority - but rather simply extending that authority to another person to be able assist you and act on your behalf. This is done frequently as part of an estate plan - with any eye toward planning for what would happen if you became mentally incapacitated. There are various types of power of attorney documents (ex: financial, general, health) and getting the particulars right is critical. The scope of authority granted, the timing of when that authority becomes effective and who you name as your agent are each crucial considerations. For most people, a power of attorney is an essential part of a thorough estate plan.
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