Are you thinking of writing a letter to appoint a Power Of Attorney? This is someone who you could retain to make decisions if you are not able to do so. A POA of can be appointed to make decisions for legal, medical or financial matters so this person should have the necessary experience and qualities to act on your behalf.
Selecting the Most Appropriate Power of Attorney
When you make the decision to appoint a POA, you should have a conversation with whoever you are considering to talk about the responsibilities and duties. This is very important if he or she has to handle your legal and financial.
You also have to think about the type of Power Of Attorney you need in order to choose the most appropriate one.
A General Power of Attorney can be appointed if you want to give the agent broad authorizations. This person could make your medical, legal, business or financial decisions.
A Durable Power of Attorney is usually recommended for end of life and estate planning purposes. This POA will go into effect immediately upon signing and stays in effect if you become incapacitated or incompetent. If you want, you could hire a Durable POA for health care purposes, giving that agent the ability to make your medical decisions if you are not able to speak for yourself. In most cases, people name their partner/spouse, a family member or close friend as a Health Care Power of Attorney. This person doesn’t have to agree with every wish, but must respect your right completely to get you the best treatment.
A Special Power of Attorney can be considered if you want to narrow down the decisions he or she is able to make.
A Limited Power of Attorney can handle specific financial matters on your behalf. Their responsibilities could be as big as selling property on your behalf or as small as collecting your packages. This form can be voided at a certain time or whenever the action is completed.
Here are some characteristics of a Power of Attorney:
If you are ever unsure of the trustworthiness of your agent or if there is any conflict of interest, you can use a Revocation of Power of Attorney form to terminate his or her authority to act on your behalf. You could always look for a template download when you are ready to create a brand-new one.