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Power of Attorney

Power of Attorney

Power of Attorney (POA) is a legal document that allows an individual, known as the “principal,” to designate another person, referred to as the “agent” or “attorney-in-fact,” to make decisions and take specific actions on their behalf. This legal tool ensures that your financial, legal, and healthcare matters are managed by someone you trust if you become incapacitated or unable to make decisions

Why Do You Need Power of Attorney?

Incapacity Planning: POA enables you to plan for unforeseen circumstances, ensuring your affairs are managed seamlessly if you become unable to do so due to illness, injury, or age-related decline.Asset Management: It allows for the continued management of your financial assets, paying bills, and handling investments, safeguarding your financial well-being.Healthcare Decisions: Medical POA ensures that someone you trust can make critical healthcare decisions aligned with your preferences.Avoiding Guardianship: By appointing an agent through POA, you can avoid the need for a court-appointed guardian if you become incapacitated, saving time and expenses