Savings Game: The importance of power of attorney
Source ↗
👁 2
💬 0
One of the most important components of estate planning is establishing a power of attorney. When a healthy individual suddenly becomes incapacitated, leaving them unable to make important decisions, it is important to have a financial advocate assigned to look out for their interest.
When a financial advocate, namely an individual with a power of attorney, is not assigned, the result can be situations in which the court is required to appoint a guardian, which can be costly and time-consuming,
When a financial advocate, namely an individual with a power of attorney, is not assigned, the result can be situations in which the court is required to appoint a guardian, which can be costly and time-consuming,
Comments (0)