Conscientious Estate Planning For Oregonians

Choosing the right agent with a power of attorney

On Behalf of | Jan 22, 2024 | Estate Planning

When you use a power of attorney in your estate plan, you choose an agent to act on your behalf. The power of attorney may be created for medical purposes, for example, so that someone can work with your doctors. It could also be created for legal or financial purposes.

Because a power of attorney gives this agent such a wide range of abilities, it’s important to choose the right person. What should you look for?

Someone who is assertive and competent

The person you choose as your agent has to be able to communicate and make difficult decisions. They need to be assertive when talking with medical professionals and others. They also need to be focused on putting your best interests and your wishes first, even if other family members disagree.

Someone who lives nearby

In many cases, a power of attorney is only used when someone becomes incapacitated. This can be an unexpected and sudden event. As a result, it’s beneficial if the agent lives relatively nearby and can quickly handle things when needed.

Someone who understands what’s being asked of them

Finally, pick someone with knowledge in the area that you want them to assist you. If you’re using a medical power of attorney, for example, they need to understand basic medicine and your specific condition. If you’re using a financial power of attorney, your agent needs to be able to access accounts, use financial apps or websites, and make complex calculations. Be sure that the person you choose is up to the task.

Once you’ve chosen someone to be your agent, then you just need to know what steps to take to include the power of attorney in your estate plan.