POWER OF ATTORNEY

 

      When you think of it, there may be worse things than dying. How

      about suddenly  becoming so physically or mentally handicapped that you

      can't make decisions on your own or carry out everyday functions. Strokes,

      heart attacks and car accidents frequently leave people in that position.

 

      It's a horrible thought but one that has to be considered. Someone who has

      been incapacitated and who hasn't left a valid Power of Attorney will see

      the government step in to manage his or her assets. Of course the estate

      will be billed for this service.

 

      The simple solution to this is to have Powers of Attorney for Property

      and Personal Care.

 

      By these documents, you entrust someone to act as your "Attorney." The

      "power" that you pass on may be limited to a single transaction such as

      selling property in another jurisdiction. Or it may unlimited and allow

      the attorney widespread discretion. Or something in between. It may allow

      the attorney to act as of that day or some future date or only if the

      person becomes incapacitated.

 

      In many ways, an instant and permanent incapacity will create greater

      hardship than death. And without Powers of Attorney, the family may find

      itself wrestling with the government for control of the bank accounts,

      insurance proceeds, etc. What family needs that?

 

      Like Wills, all adults should execute Powers of Attorney lest a tragedy

      short of dying befall them.