Giving someone power of attorney means you've appointed an agent (or multiple agents) to make financial decisions when you're unable to do so yourself.
Examples of When This Is Needed
Medical Emergency
If you're in a car accident, hospitalized, or in a coma, a validly executed power of attorney allows your agent to act for you.
Cognitive Decline
Alzheimer's, dementia, or other disabling illnesses that prevent you from managing financial affairs. Having a power of attorney means someone is already in place to conduct your business and make financial decisions.
Include power of attorney as part of your comprehensive estate planning strategy.
