When you aren’t able to make financial or medical treatment decisions for yourself, a Power of Attorney allows you appoint someone you trust to make those decisions on your behalf.
Also see What is a Power of Attorney?
A Power of Attorney is a legal document wherein you give someone (known as your “attorney-in-fact”) the power to make decisions on your behalf. It’s that simple. There are, however, many considerations and options with regard to a Power of Attorney. Whom do you wish to appoint as your attorney-in-fact? What authority do you wish to give him or her? When should your Power of Attorney take effect? How does your attorney-in-fact know what you would want, or what is in your best interests?
The biggest question of all might be – why even have a Power of Attorney? Normally, most people want to make their own decisions when it comes to things like finances and health care. Unfortunately, that isn’t always possible, and at some point in everyone’s lives we will lose the capacity to make those decisions for ourselves. This may be due to an end-stage illness, or even an unforeseen accident or condition. Whatever the case, if you lack the capacity to make decisions and you have not executed a Power of Attorney, important decisions in your life could either not get made, or be made by someone who you don’t know and who doesn’t know what is in your best interests.
When you create a Power of Attorney with SkyBlueLegal, our form wizard allows you to tailor the document to your specific needs and wishes. You can choose who to appoint as your attorney-in-fact, the specific financial and health care authorities that person will have, if any, when the Power of Attorney should be effective, and any additional instructions you wish to provide. By default, if you have created an Advance Care Plan, your attorney-in-fact must follow those instructions.
As an example, if you have an unplanned visit to the hospital, your attorney-in-fact could manage your finances as well as make sure your doctor knows about and follows the instructions in your Advance Care Plan.
To find out more about SkyBlueLegal’s Power of Attorney, click here.