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Know this before you sign a Power of Attorney

 

A judge will choose a person who will serve as your legal representative, and this agent may be someone who you do not fully trust. If you want to have a say on who will take care of your affairs when you become incapable of doing so, then it makes perfect sense to create a power-of-attorney document. But how can you be so sure that your child will be able to perform all the responsibilities? If you have more than one child, it would be wise to divide the POA among the children who can handle the duties you require. Also, it helps to assess your children to determine which ones can decide according to your best interest or your wishes. You can grant a medical, health care, or both types of powers of attorney to secure your future as well as your health and assets. Medical powers of attorney particularly involve medical care decisions that agents make for their principals. You still need one even if you already have drafted a living will. This document could cover simple financial matters like writing a check or even selling property. When creating the power of attorney, it is for the best to check the laws of the state, since each state has its own regulation on how it should be made. Legal assistance or help from a lawyer is very important to make sure that necessary steps are performed to avoid the document being challenged. Gather all the forms you will use as models for your document. Over the Internet, you can find websites that specialize in legal forms. These sites may allow you to download their power-of-attorney forms. 2. Decide which type of POA you need. Your general options are the general and limited powers of attorney. Choosing an agent who does not have to be far from the principal and the property is a better choice. Capability. It is important to consider an agent that has the ability to manage the principal s property and legal matters. The agent is showing problems with managing their own finances, then it may not be a good idea to trust your own finances to them. 

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