Do I need a power of attorney?
If you have assets, you should have a power of attorney. Even if you own your property jointly with a spouse, you could burden your spouse with an inability to transfer the property if you were to become mentally incapable. The benefits far outweigh the relative low cost of creating a power of attorney document.
- Do I need a power of attorney?
- Who should I appoint as my attorney?
- What can an attorney do for me?
- Can I terminate the appointment of an attorney?
- What are the risks in appointing someone as an attorney?
- Are there rules that an attorney must follow?
- What is a representation agreement?
- How is this document different from, or similar to, a will or a power of attorney?
- What matters are normally set out in a representation agreement?
- The person you appoint is your “substitute decision maker”. What does this mean and who should I appoint?
- Should I appoint more than one person as my substitute decision maker?
- How is this document different from a “Living Will”?
- Can I terminate this agreement or change the person I appoint in it?