Importance of a Power of Attorney
A power of attorney document is a legal document that allows someone to designate another person as their “agent,” who will be able to make decisions for you when you cannot.
You can choose what types of decisions the agent can make — such as financial, medical, or other matters.
When it comes to making sure that important decisions are taken in your best interests, having a power of attorney document is essential. It will authorize someone else to act as your representative if you become unable or unavailable to make critical decisions. In the event you or your designated loved ones need access to your power of attorney document, it will be accessible on our platform to keep everything organized.
Why Should I Create a Power of Attorney?
There are several compelling reasons to create a power of attorney:
- To ensure that your financial or medical affairs are managed in your absence: A power of attorney allows you to appoint someone you trust to manage your financial or medical affairs on your behalf if you are unable to do so due to illness, injury, or other incapacitation.
- To avoid the need for a court-appointed guardian: If you don’t have a power of attorney and become incapacitated, a court may have to appoint a guardian to manage your financial or medical affairs. A power of attorney allows you to avoid this costly and time-consuming process.
- To protect your assets: A power of attorney allows you to specify the powers and responsibilities of your agent, helping to ensure that your assets are managed responsibly and in your best interests.
- To provide peace of mind: Having a power of attorney in place can give you peace of mind knowing that your financial or medical affairs will be taken care of, even if you are unable to do so yourself. It can also provide peace of mind for your loved ones, knowing that they are acting in accordance with your wishes.
- To ensure that your wishes are respected: A power of attorney allows you to specify your preferences for financial decision-making, helping to ensure that your wishes are respected.
How Does TrustHandled Help With Creating A Power Of Attorney?
Our platform provides a secure way to store your power of attorney documents at a fraction of the cost of using a lawyer. It simplifies the process by providing an online form where you enter your desired information and designate your agent with the authority to act when necessary.
TrustHandled will generate documents specific to your individual needs. Once submitted, you are given access to your own secure “vault” within the platform in which you can store your completed power of attorney and other important documents – all organized in one convenient location!
What is the process?
Creating your own power of attorney document on our platform is easy and straightforward. All you need to do is:
1. Determine your needs:
Consider your specific needs and goals for creating a power of attorney. Do you need someone to manage your financial affairs, make healthcare decisions on your behalf, or both?
2. Choose Your Trusted Person:
Choose a trusted individual or organization to serve as your agent. This person will be responsible for making decisions on your behalf if you are unable to do so.
3. As soon as this information is entered
Our platform will generate your customized power of attorney document which can then be printed out and stored securely in our system.
