A Power of Attorney (POA) form is a legal document that lets you appoint someone you trust, called your “agent” or “attorney-in-fact,” to manage your affairs if you’re unable to do so.
A General Power of Attorney (PoA) is a legal document that gives a trusted individual or organization permission to manage legal and financial matters for you, such as buying or selling real estate, signing contracts, and accessing bank accounts.
Easily download this .doc and .pdf format template, as an example, and complete all your paperwork by yourself without hiring a lawyer.
Top 10 advantages of power of attorney:
• without them, you lose control
• avoids the necessity of getting the court involved
• provides family members a good opportunity to discuss wishes and desires
• the more comprehensive the power of attorney, the better
• prevents questions about the principal’s intent
• prevents delays in asset protection planning
• protects the agent from claims of financial abuse
• allows agents to talk to other agencies
• allows an agent to perform planning and transactions to make the principal eligible for public benefits
• provides peace of mind for everyone involved