As much as people want to avoid thinking about what might happen if they can no longer make decisions for themselves, it is important to be prepared for the unexpected. Creating a power of attorney is one of the most important steps in the estate planning process. A power of attorney simply a document that you create at any time and it grants a person of your choosing with the power to make decisions on your behalf and take care of other important matters if you can no longer do them yourself.
A power of attorney should be a trusted individual, such as a spouse, child, or sibling, who you know will abide by your wishes and make sure all bills are paid, investments are safe, and decisions made about your medical care are decisions you would make for yourself. It is important to be careful and cautious about who you choose for this important task. This individual will have access to important documents, medical records, and your banking information. Only choose someone you can fully trust to take on this job.
If you have questions about any part of the estate planning process including a power of attorney, creating a will, choosing an executor for the will, and more, contact an experienced estate planning attorney today for assistance.
The law firm of Mattleman, Weinroth & Miller, P.C., is composed of experienced attorneys throughout the states of New Jersey and Delaware. Please contact the office for a free initial consultation and get any questions answered regarding your specific case.