Everyone thinks that providing a valid will to your family after your death is the most crucial component of a well-thought-out estate plan. What most people oversee is the importance of choosing a power of attorney, as well.
Having a reliable and trustworthy power of attorney is a necessary component of a good estate plan. This is particularly important while you are alive. That’s because your power of attorney can make important medical and financial decisions on your behalf if you become incapacitated in any way.
Choosing a power attorney can be stressful as you try to find someone who will take care of all your financial affairs if you can’t handle them yourself. So, how do you find the right power of attorney? Here are some vital factors to consider before getting the choosing the right power of attorney for you.
Tips to Consider When Choosing a Power of Attorney
Here are the most important things to consider when choosing your power of attorney:
1. Do you trust this person?
The most important thing to consider when choosing a power of attorney is trust. The ideal POA will be someone trustworthy and honest. You need someone who you know will keep your best interests at heart with every decision they make. You also need someone who isn’t afraid to carry out your wishes on your behalf.
2. Where Is the Person Located?
While the executor of your will doesn’t need to live close by, having a local power of attorney is vital. You need someone who is immediately accessible when you call. If they don’t live in the same city as you, they need to be within driving distance. This is particularly important when assigning a durable power of attorney for medical decisions. Make sure you choose someone who can be at your side to make crucial decisions if you can no longer make them for yourself.
3. What Qualifications Do They Have?
While most people choose a power of attorney that they know and trust, it’s essential to choose someone with the financial and intellectual capacity to make the right decisions on your behalf. You should choose someone you know will make a sound judgment. The person should be qualified enough to handle your financial affairs effectively. You want someone who understands your financial obligations and who you trust to make the most personal decisions for your well-being.
4. What are the Family Dynamics?
Believe it or not but family dynamics should be a consideration. If there’s a lot of contention within your family dynamic, you need to pick a third party who can be impartial. You should also consider someone who won’t be bothered by family conflicts. You need to have confidence that whoever you pick will put all family struggles aside and continue to follow your wishes.
Contact Ensberg Law Group for Your Probate Attorney Needs
If you need help choosing a power of attorney, we’re here to provide the assistance you need to choose with confidence. Contact Ensberg Law Group today to schedule a free consultation with a reliable Covina probate lawyer.