So Power of Attorney is really a document that allows another person to act on your behalf. These can be especially important when parents are getting older and they may lose their capacity to carry out all of their day to day things such as managing accounts or dealing with utilities or any of the many issues that you can come upon on a regular basis.
By having a Power of Attorney if a person becomes incapacitated a guardianship does not need to be opened at the court in order to help them carry out all of those things that they need assistance with. This is especially important because guardianships require attorneys. Power of Attorney is a document that’s prepared once for a very minimal fee in which can avoid a guardianship which can costs thousands of dollars, it can avoid having the person go through the process of being declared incapacitated which involves being examined by doctors and mental health experts.
So these are simple documents that could really be very effective in managing the affairs of another person, typically older parents. They can also be used in the case of when you’re leaving your children with maybe grandma or grandpa to travel. This allows the grandparents to be able to make any decisions as needed while you’re out of town. So these are very flexible and versatile documents that could really fit a lot of your needs.See all videos