Power of Attorney

Who Should Have A Power Of Attorney

If you aren’t sure whether or not you should have one, read here to find out if you should.

Who should have a power of attorney is a question that many people have. Should you have one? While no one wants to accept the fact that something could happen to them to make them unable to make their own decisions, it does happen. It can happen to young people, old people, and any age in between.

Some people are under the incorrect assumption that only those with large estates (and are elderly) are ones who should have a power of attorney created. This simply isn’t true, though. Instead, the people who should have a power of attorney are the people who simply want to know that there is someone to make decisions for them if there is ever a time that they are unable to.

Even if you don’t have a large estate—you could even not have any money saved at all—you are someone who should have a power of attorney. What if a debilitating illness or injury occurs and you still owe on your house and you are unable to make those payments? Foreclosure is a much worse option than choosing someone to make those payments for you. If you have a checking account, even if there is hardly any money in it, you should have a power of attorney. What if you are unable to make decisions regarding that checking account but you still have access to it? You could find yourself in trouble with the law if you do not have a power of attorney drawn up in advance.

If you do not have a power of attorney created, you subject yourself to the court’s discretion and decision regarding your care. Instead of you deciding who will be in charge of your estate and healthcare should you ever need it, a judge will decide this. Anyone who doesn’t want to find themselves in this situation is someone who should have a power of attorney.