Who is the best person to give power of attorney? When asking this question, you are likely about to make an incredibly important decision. A power of attorney (POA) is a legal authority given to an individual who can make decisions on your behalf, whether they pertain to health care or financial choices.
This decision requires real forethought and trust, and you must carefully consider who is the right person to hold these powers. Contact one of our knowledgeable estate planning lawyers for help understanding how to choose who to grant power of attorney.
What Is a Power of Attorney?
A power of attorney is a legal document that allows one person, called the “agent” or “attorney-in-fact,” to make decisions and act on behalf of another person, known as the “principal.” The authority granted can be broad or limited, depending on the principal’s needs. A POA can take effect immediately or only under certain circumstances, such as incapacity, and can make financial, legal, or health care decisions. A properly drafted POA gives a reliable individual the ability to manage your affairs if you become unable to do so yourself. Choosing a person to give POA can be difficult, but our attorneys could help you choose the right fit.
What Qualities Should You Look for in Your Agent?
When it comes to granting power of attorney, it is most suitable to choose someone you trust completely. Your agent will have significant authority over your financial, legal, or medical decisions, making honesty and reliability crucial. Look for a person who stays organized, acts responsibly, and manages complex matters calmly and carefully. Effective communication skills are essential, as your agent may need to coordinate with lawyers, doctors, or financial institutions.
Ideally, your agent should also live nearby and be available when needed, ensuring they can carry out their duties promptly if an urgent situation arises.
Which People Can You Select To Have the Power of Attorney?
Several types of people can meet the criteria for receiving power of attorney, depending on your personal circumstances and level of trust. Many individuals choose a close family member, such as a spouse, adult child, or sibling, because they already know and understand their wishes.
However, you can also appoint a trusted friend, business partner, or professional advisor, such as an attorney or financial planner. The key is selecting someone responsible, honest, and capable of handling financial or medical matters. The person must be over 18, of sound mind, and willing to take on the role. Always discuss your expectations clearly before naming an individual in your power of attorney document.
Contact Our Attorneys Today To Discuss Who To Give Legal Authority To
If you are wondering who is the best person to give power of attorney, one of our experienced estate planning lawyers could help you make the decision that is right for you. Speak with our legal team at Amity Law Group, LLP to discuss your situation and receive crucial legal guidance through the estate planning process. Contact us today to schedule your initial consultation.
