[wp_ad_camp_1]When it comes to legal issues, it can be costly to make a mistake.  I am not a lawyer and I do not speak legal jargon.  But, I do know and realize that it is important to use proper legal language and format in legal documentation such as a Power of Attorney.  There are also people who are required to sign on the documents and registries to log the documents with in order for the document to be legally binding.  I have done my research on this important document and would like to share them with all who are interested in designating a person to act on your behalf in case you are physically unable to do so for any reason.

 

What A Power Of Attorney Is

Before I go any further, let us first define what a Power of Attorney is.  This legal document is executed by a person to designate another person to make decisions or to engage in transactions on his behalf in case of a contingent event.  You can do this to prepare for instances when you are unable to act in your own capacity.  This can happen when you become physically incapacitated due to an accident or illness or when you are out of the country at a time when you need certain decisions or transactions to be made while you are away.  To make things easy for the non-lawyers like us, we can choose to use a Power of Attorney template for our specific purpose.

 

Realizations On The Importance Of A Power Of Attorney

My interest in learning about Power of Attorney documents was spurred by the news of an elderly relative who is unable to collect on his pension benefits since he is physically unable to go to the bank to make his withdrawals.  A Power of Attorney would have allowed him to still enjoy his benefits at a time when he needs funds most.  A trusted agent would have been able to make these transactions on his behalf, had he taken the time to go through the legal paperwork.  It does not take a long time to execute this legal document especially when you already have a person in mind to designate as your agent or attorney-in-fact.

 

Uses Of A Power Of Attorney Template

power of attorney templateAside from financial transactions, a Power of Attorney template can also be used to designate someone to make healthcare and medical care decisions for you if you become critically ill.  This includes accepting or refusing specific treatment modalities as well as pulling the plug on a life support machine.  In some cases, you and make use of an Advanced Medical Care Directive that gives specific instructions as to how you would want to be cared for and medically treated in case you are unable to communicate these healthcare instructions anymore.

 

Steps In Making A Power Of Attorney

power of attorney templateThere are Power of Attorney templates that you can use by simply filling out all your personal information and particular instructions.  A simple search on the internet will give you several choices.  Although these templates are usually good enough, you might still want to consult your state legislation for any specific provisions and particulars that you have to include in your Power of Attorney.  Some states would also have requirements as to who should get a copy of the final notarized Power of Attorney.  And then, you also want to think about the issue of possibly having the need to revoke the Power of Attorney designation at some point in the future.[wp_ad_camp_2]