A Power of Attorney is a legal document that allows you to appoint someone (your “Attorney-in-Fact”) to make decisions on your behalf.
With a Power of Attorney, you give your Attorney-in-Fact the authority to make certain decisions on your behalf. For instance, you can grant your Attorney-in-Fact the authority to make financial decisions on your behalf. Or, you can limit that authority to only certain financial decisions. You can also grant your Attorney-in-Fact the authority to make medical treatment decisions on your behalf – or, again, only certain medical treatment decisions.
This can be a very important document, not only for you, but for your loved ones and the person you appoint as your Attorney-in-Fact, as well. For instance, if you have an unexpected visit to the hospital and are unconscious, your Attorney-in-Fact may be called upon to make certain medical treatment decisions on your behalf. If you have given them the authority to make financial decisions on your behalf, your Attorney-in-Fact can also help manage your finances while you are unable. Of course, your Attorney-in-Fact will only have the authority you give them, and they must follow any instructions you provide in your Power of Attorney.
There are many factors to consider when creating a Power of Attorney, such as:
- Whom to appoint as your Attorney-in-Fact?
- What decision-making authority that person will have?
- When is your Power of Attorney is to become effective – immediately, or only if you become incompetent?
- How will your Attorney-in-Fact know the decisions you want to be made or are in your best interests?
SkyBlueLegal makes it easy. Our form wizard goes step-by-step in the customization of a Power of Attorney that is right for you.