Appointing a Power of Attorney is a key part of sound financial and estate planning. Writing a will may be of key importance after you pass away, but appointing a Power of Attorney may be one of the most important steps to ensure sound planning while you are still alive.
When set-up properly, it can minimize family conflicts and ensure that your funds are used according to your wishes should you become incapacitated. While we all have many unchecked items on our to-do list, setting up a Power of Attorney can be a relatively straight forward and inexpensive process which will not only provide peace of mind, but also financial stability going forward.
If you are age 65 or older, or have parents in this age bracket the following article may be of interest.
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