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A power of attorney is a designation that you can give to a person so they can take care of your finances or health care decisions if you’re incapacitated. You must choose the proper person to handle each of those areas to protect your interests.
There are a few different characteristics that are important for someone to have if they’re going to serve as your power of attorney designee. Understanding these can help people who are creating an estate plan to choose the most appropriate person.
They know your wishes
The person you name should understand what your wishes are. They should be able and willing to uphold your wishes if they’re called on to make decisions for you.
They have good communication skills
The individual you choose should be able to communicate with people easily. If they’re making medical decisions for you, this will include your medical team. If they’re making financial decisions for you, they’ll have to speak to financial professionals on your behalf.
They can make decisions under pressure
A person who has powers of attorney for you may have to make decisions under pressure. They should be level-headed and understand the benefits and drawbacks of the options they’re presented with.
Naming the power of attorney designee for your health care and financial decisions is an important part of an estate plan. Getting the rest of the estate plan set is critical to ensure your loved one knows your wishes when you pass away. Working with someone familiar with these matters can make the process a bit easier since you can draw on their knowledge. Contact us online or call today for a free consultation with Pennington Law, PLLC.
