Should you become incapacitated or unable to make your own property, financial, or legal decisions an agent of your choice will be able to make certain decisions for you (the “principal”).
You choose your own agent
By giving someone Power of Attorney, you choose your own agent; someone in high moral standing that possesses impeccable character, and has the ability to do the footwork necessary to ensure that their fiduciary duties are fulfilled.
You have control over the authority given to your agent
Such document provides power to the agent to act in place of the principal. You can provide instructions for the agent to follow. Where there are no specific instructions, your agent must act in your best interest. An agent's power cannot be exercised until the agent has possession of the document, and such authority can be revoked at any time, so long as the principal is of sound mind.
If you do not give someone Power of Attorney
If you do not give someone Power of Attorney and become incapacitated, a Judge that does not know your friends and family like you do, may decide who will control your money, handle your real estate and insurance transactions, taxes, and more.
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