Checklist: Name A Power Of Attorney
A Power Of Attorney is someone you appoint to make legal and financial decisions on your behalf in case you are no longer able to do so.
If you should become incapacitated and a Power Of Attorney has been appointed, there won't be a lapse in your ability to control your finances or legal matters, as the agent will be able to act on your behalf. If you become incapacitated without a Power Of Attorney, no one can legally handle your financial affairs.
In order to name one, you're going to need to work with a lawyer or an online legal service. This worksheet can prepare you for the conversations and decisions you’re going to have to make. To learn more about naming a Power Of Attorney, click here.
- Choose the person you’d like to serve as your Power Of Attorney
- In case I become unable to handle my own financial and legal affairs on my own, the person I would like to handle my financial and legal affairs on my behalf is______________________________________.
- If this person is unable to serve as Power Of Attorney, I would like my back-up (“successor”) Power Of Attorney to be______________________________________.
- Decide when you’d like your Power Of Attorney to begin:I would like my power of attorney to go into effect
- Immediately upon signing
- At a specific date or event, such as a declaration of my incompetence
- Decide when you’d like your Power Of Attorney to end:I would like my power of attorney to remain in effect until
- I am declared incompetent
- I die
If you chose “Immediately upon signing” and “I am declared incompetent” you’ll be creating a Non-Durable Power of Attorney.
If you chose “Immediately upon signing” and “I die” you’ll be creating a Durable Power of Attorney.
If you chose “At a specific date or event, such as a declaration of my incompetence” and “I die” you’ll be creating a Springing Power of Attorney.
- All You Need To Know About Advance DirectivesWhen you can’t make health decisions for yourself, this is the north star...Read more
- Trusts Cheat SheetTrust us when we say this is as basic as we can make Trusts.Read more
- How To Create A Do Not Resuscitate Order (DNR)A DNR is a medical order that states you don't want cardiopulmonary...Read more
- How Organ Donation WorksIf the person who died was a registered organ donor, measures will be taken...Read more