
The Importance of a Power of Attorney
When you consider an estate plan, you may think of drafting a last will and testament and being finished. In reality, to protect your interests and those of your family, you should have a comprehensive estate plan in place that involves several legal documents. One such document is called a durable power of attorney. What is a Power of Attorney? There may come a time when you become mentally unable to take care of your own affairs or make decisions for yourself. Just because this happens does not mean your financial and legal obligations cease. A power of attorney designates a particular person and grants them the authority to take over your financial and legal affairs. This includes paying bills and taxes, handling business decisions, managing investments, and more. A…