A Power of Attorney is a legal document that allows you to appoint someone to represent you. This person may act on your behalf in financial, legal, or healthcare matters.
STEPS TO TAKE
- Identify Your Needs: Decide what authority you need to grant (someone managing finances, making healthcare decisions, selling property) and when do you need them (immediately, or if you become incapacitated).
- Choose Your Agent: Select someone honest, capable, and who understands your wishes (spouse, child, trusted friend). Name successor agents too.
- Get the Right Form: Use California’s statutory form (Power of Attorney Uniform Statutory Form) or have an attorney draft a customized document.
- Sign & Witness/Notarize: Sign the document in the presence of a Notary Public or two qualified adult witnesses. Please note, the agent cannot be a witness.
- Safekeeping & Distribution: Store the original in a safe but accessible place. And give copies to your agent, family, and financial institutions.
Consulting an estate planning attorney is highly recommended. This will ensure the document is tailored to your needs and it meets state requirements. Furthermore, you will avoid legal battles, and your affairs will be managed according to your wishes.