Primary Goal of this Step
Make sure your legal and financial affairs will be properly handled in the event that you become unable to handle these affairs yourself.
Important Tasks: Name a Power of Attorney
Decide who you want to be your power of attorney
Carefully consider who in your life you can appoint to handle the duties and responsibilities of a power of attorney.
Choose when you want your power of attorney to go into effect
There are three types of power of attorney, and they all differ based on when they go into effect and when they expire: Durable power of attorney, non-durable power of attorney, and springing power of attorney.
Decide if you’re going to create legal documents yourself or with the help of a lawyer
There are many online legal services that can help you name a power of attorney, or you can work with a lawyer. However you choose to name a power of attorney, you may need to get the forms notarized.
If you’re going to fill out the forms online, find the right forms to do it yourself
Factors to take into consideration when choosing an online legal service include cost, completion and delivery time, and the services offered by the site. For example, some online legal services will submit your documents for review by a paralegal after completion, while others will not.
If you’re going to hire a lawyer, find the right person
The right trust and estate attorney will be someone with significant experience in handling the issues you’re dealing with. Talk to friends, family members, and other attorneys to get recommendations. Meet with the lawyer you’re considering before hiring him or her.