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How Can I Create A Power of Attorney?

March 13, 2019

Most people would first turn to an online process to assist with the drafting of a power of attorney, but this is not recommended. State laws vary in terms of how to establish a power of attorney and because of the specifics in the law, it is recommended that your document is executed in accordance with state laws.

Close-up Of A Person Holding Pen Over Power Of Attorney Form

This can be done by scheduling a consultation with an estate planning lawyer. Prior to generating a power of attorney, you need to do some thinking. what aspects of your life do you want an agent to be eligible to handle. Furthermore, you must approach the process of selecting the agent thoughtfully.

This is because this person will be in charge of your affairs as outlined in the power of attorney, especially if you become incapacitated. Establishing a power of attorney document also requires coming back to it over time.

At least once a year, you need to make sure that your POA document still reflects your wishes.

Knowing that someone else will be able to step in and handle your affairs and knowing that this person is selected by you rather than the court can give you a great deal of peace of mind but putting together your own power of attorney document exposes you to the possibility of making mistakes. This means that you should instead speak directly with an estate planning lawyer to verify that the language inside your power of attorney document is accurate.     


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Recent Posts
Do You Owe The AMT?

American educational reformer Horace Mann called education “the great equalizer.” In football, it’s been said ...

See more
What is the Value of Your Business?

In the second quarter of 2023, more than 2,300 small businesses were sold. The median ...

See more
Immediate vs. Deferred Annuities

Despite not being as well known as some other retirement tools, annuities account for 6.5% ...

See more