Have you thought about what would happen to your assets and property -- even your bills -- if you were incapacitated or unable to make decisions on your own? If you haven't put a power of attorney in place, this makes for a good first step in estate planning.
A power of attorney is someone you trust completely, who isn't afraid of making hard decisions on your behalf and who has the time and energy to give. This person would represent you if something happened. It can be as general or as specific as you choose to make it. It can be for a specific financial transaction or can be in place so that all your bills are paid and incoming funds are deposited. If you don't put a power of attorney in place, your heirs and family would be forced to apply for a court order so that you can be looked after properly. It can be costly and cause so much grief for your family.
At the law firm of Garton & Harris, we have the knowledge and experience to assist you in putting a power of attorney in place. There are issues that you may not have thought about that we can bring to your attention. For example, have you made a list of accounts and passwords so that your power of attorney can have access? You also need to make a list of companies that you pay monthly so that you don't fall behind.
If you want to learn more about powers of attorney, take a look at our webpages dedicated to the topic.