Power of attorney is a legal document that allows you to appoint another individual or organization to act on your behalf if you are unable to do so. This may include medical or financial decisions and management of your property or assets.
When Is It Important to Have a Power of Attorney?
It’s important to have a power of attorney when you cannot make decisions on your own. This may be due to illness, injury or old age. Your power of attorney will act on your behalf to ensure that decisions can be made in a timely manner, regardless of your ability to make them.
For example, if you were involved in an accident and needed immediate medical attention, your power of attorney could approve that medical attention which could potentially save your life.
Will My Power of Attorney Get to Decide Instead of Me?
Your power of attorney will only make decisions for you if you are unable. If you are able to make your own decisions, your decision will always overthrow that of your power of attorney. Additionally, if you and your power of attorney do not agree on something, your wishes will always be prioritized.
Are There Risks Involved With Having a Power of Attorney?
Having a power of attorney is beneficial in many ways, and something everyone should consider for themselves and their families. That being said, there can be some risk involved with having a power of attorney. Because they will have the power to make decisions about your life, finances and well-being, they could take advantage of you.
The best way to avoid risk is to appoint someone who knows your wishes, will abide by your wishes and is someone you can fully trust. If you do not wish for someone to be your power of attorney anymore, you can revoke it.
Does a Young, Healthy Person Need a Power of Attorney?
The need for a power of attorney increases the older we get, but having a power of attorney is beneficial to people of all ages. Those who are ill, injury-prone or elderly may see a greater benefit, but anyone can use one. No matter how young and healthy you are, you could still be injured or involved in an accident and things could change drastically. It’s always best to have a plan in place long before you ever need it.
Mestayer Law Firm provides services for Estate Planning throughout the Gulf Coast area including Pascagoula, Biloxi, and Gulfport. If you are making future plans for your estate, then contact us today and let us help take care of every detail for you. Call us today at 228-762-1193 or visit www.pascagoulalaw.com. We are your legal experts! You can also visit our office located at 2128 Ingalls Ave. in Pascagoula, Mississippi. We look forward to talking with you!
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This article does not create an attorney-client relationship. I am licensed to practice law in Mississippi and have based the information presented on US laws. This article is legal information and is for entertainment and informational purposes only and should not be seen as legal advice. You should consult with an attorney before you rely on this information. Any information provided in this blog is accurate and true to the best of my knowledge, but that there may be omissions, errors or mistakes.