Avoid Future Problems…Get A POA

Bren Sheriff
Bren Sheriff


Avoid Future Problems…Get A POA


What is one of the wisest things that you can do today to “get your house in order;” avoiding problems in the future? Did you know that your marital status plays a huge part in determining the urgency of your action to protect yourself?


Everyone needs to consider having a power-of-attorney aka POA in place. Why? There may come a time in your life when you are not capable of making decisions for yourself. POA’s provide you with an opportunity, while you are of sound mind and body, to delegate a person to make medical and/or financial decisions on your behalf.


It cannot be stressed enough how important it is to get a POA in place if you are not married. If married, without an POA, your spouse can make decisions for you, should you become incapable of making decisions yourself. However, if you do not have a spouse and by accident or illness you become incapable of making decisions, what will be your fate? Too often singles in long-term relationships would want their partner to make decisions for them; however, without a POA this is unlikely.


It is said, “an ounce of prevention is worth a ton of cure.”  I hope that you and your spouse or partner make the decision today to put POA’s in place. It’s always better to have it and not need it, than…you know the rest.

Bye for now,

Bren.

 

QUIZ: Does a notary seal attest to the accuracy of a statement of facts in an affidavit?


Answers to last week’s quiz:  There is no difference.

To get more detailed answers to last week’s QUIZ question or for general questions that you may have, please call me: 773-819-1700

Disclaimer: The illustrations presented in this column are not, nor are they intended to be, legal, financial, or any other licensed professional advice, you should contact the licensed professional of your choice for advice on your individual situation

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