Written by Benjamin Kingsley
Do you have questions about or need assistance with a power of attorney? Please click here to email us at contact@legalandme.com.
Do you need a power of attorney form? We make a do-it-yourself power of attorney: finance power of attorney or healthcare power of attorney.
When considering who is best suited to serve as power of attorney, there are several important factors to take into account. The ideal candidate should be someone the principal trusts implicitly and who has the ability to make sound decisions on their behalf. This person should also have a thorough understanding of the principal’s wishes, values, and financial situation.
Typically, the best person for power of attorney is a close family member, such as a spouse, adult child, or sibling. These individuals often have intimate knowledge of the principal’s affairs and are likely to act in their best interests. However, it is crucial to select someone who is responsible, organized, and capable of handling complex financial and legal matters.
In some cases, a trusted friend or professional advisor may be a more appropriate choice, especially if family dynamics are complicated or if the principal’s affairs are particularly complex. An attorney, accountant, or financial advisor may have the necessary expertise to manage intricate financial and legal matters effectively.
It is important to note that the person chosen should be willing and able to take on the responsibilities associated with being a power of attorney. They should also be geographically close enough to handle matters efficiently, or at least be able to travel when necessary. Additionally, it may be wise to name an alternate agent in case the primary agent is unable or unwilling to serve when the time comes.
Do you have questions about or need assistance with a power of attorney? Please click here to email us at contact@legalandme.com.
Do you need a power of attorney form? We make a do-it-yourself power of attorney: finance power of attorney or healthcare power of attorney.