Things to Consider when Choosing a Power of Attorney
It’s easy to assume that having a proper Will is the most vital thing you can provide your family with, in case you are no longer in this world – but it isn’t. Assigning a fit Power Of Attorney to take care of the issues while you are still alive could have an even more significant impact on your loved ones.
So, what is power of attorney (POA)?
POA is a written authorization to represent a person in business, private affairs or some other legal matter. The person authorizing the other to act (in this case, you), is the donor, grantor or principal of the power. The one authorized to act is the attorney-in-fact or the agent.
POA gives broad powers to the agent to act on your behalf. These powers include handling business and financial transactions, settling claims, buying life insurance, managing real estate, selling a property, making gifts, operating business interests, collecting debts, making medical decisions, and hiring professional help. POA is an incredible tool if you have other commitments and need someone to take care of specific duties, or when you are mentally or physically unable to manage your matters.
Since your power of attorney (POA) potentially will be taking care of your financial and legal matters, it’s only reasonable to hire someone who has the experience in the field and the necessary qualities to get the job done – like agents from Weisinger Law Firm. It will go a long way in ensuring you get the most from the process. Here are some things to consider when choosing a power of attorney:
Understanding of medical process
Pick someone who has some basic knowledge of how medical procedures work. This doesn’t mean that you go for a nurse or doctor in the family. The idea is to get an agent who knows how to ask the right questions regarding the procedures and tests.
Another crucial thing to bear in mind is the person’s character and values. Think about whether the person in question can be trusted with such a huge responsibility, if they can follow through on the demands of being POA and if they will adhere to your wishes. A power of attorney will be your voice when you can’t speak, so you want to go with someone whom you can rely on. After all, their decisions will have an impact on your life, and that of your loved ones.
When the stakes are high, and big decisions have to be made, a power of attorney has to step up and speak as you would. So, before you choose your power of attorney, consider their communication style – is he or she passive or assertive? Can he or she stand up before others and make critical decisions when emotions are running high? Find someone who will not shy away when it comes to supporting your wishes, irrespective of the pressure from family, friends or any other person.
It’s essential to consider the location of your potential POA – like their proximity to your home and your preferred care center or hospital. Remember, a healthcare power of attorney may need to get to the care center or hospital quickly in an emergency. Your best shot, therefore, would be to go with one that resides in your state – and preferably, nearby.