Tips for Choosing a Power of Attorney Agent

March 14, 2016

You should never underestimate the impact that selecting a person to serve as your power of attorney agent could have. This person may play a significant role in your life down the line, so it’s essential to think carefully before making this decision. shutterstock_45049690

The following tips might help you make this decision. Having all the facts gives you the best chance to make an informed choice.

  • Most people consider or select a family member to act on your behalf. Make sure that if you name more than one person in this role that not all may be available to make decisions at the same time. This same group of people might not agree, either, which is why it’s strongly recommended you name one person and a contingent agent.
  • Before designating co-agents, think about whether issues involving full availability and agreement could impair prompt and effective decision0mkaing
  • Name a successor in the event that the original agent is unable to act when called upon
  • Make sure the individual you select is aware of your decision and is someone you can trust. Since this person may be making decisions on your behalf, you should feel completely confident about his or her ability to carry out decisions with your needs in mind. This person should also be accepting of the authority offered by a power of attorney role. Some individuals may be uncomfortable with serving in this manner, so make sure that you act first.
  • Update your POA designation if your feelings change or if the original person is no longer able to fulfill this role. A POA is only valuable if kept current.

To learn more about New Jersey estate planning, contact our firm today at info@lawesq.net.

 


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Top 5 Questions Franchise Owners Ask Their Accountants and Advisors

Discover the top financial and advisory questions franchise owners ask about taxes, cash flow, entity structure, growth planning, and long-term wealth strategies. Owning a franchise can offer tremendous opportunities for growth, scalability, and long-term wealth creation. However, whether you are ...

<p>The post Top 5 Questions Franchise Owners Ask Their Accountants and Advisors first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Estate Planning and Long-Term Care: What Families Should Consider

Explore how estate planning intersects with long-term care, Medicaid considerations, tax planning, and multigenerational wealth transfer strategies. Estate Planning and Long-Term Care: What Families Should ...

<p>The post Estate Planning and Long-Term Care: What Families Should Consider first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Q2 2026 Momentum: Why Mid-Year Retirement Plan Reviews Matter

Discover why the second quarter is an ideal time for retirement plan “spring cleaning,” including participant engagement, plan design reviews, and strategic opportunities for business owners and sponsors. As the second quarter unfolds, ...

<p>The post Q2 2026 Momentum: Why Mid-Year Retirement Plan Reviews Matter first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>