A Power of Attorney is a legal document that grants someone the authority to act on your behalf in financial and legal matters if you become unable to do so yourself.

A Power of Attorney is crucial for estate planning as it ensures that someone you trust is authorized to make decisions and manage your affairs if you become incapacitated. Without a Power of Attorney, your loved ones may need to go through a costly and time-consuming court process to gain control over your assets.

The decisions a Power of Attorney can make depend on the specific powers granted in the document. They may include managing financial accounts, paying bills, buying or selling property, making investment decisions, and handling legal matters on your behalf.

You should choose someone you trust implicitly and who is capable of handling your financial and legal affairs responsibly. It is important to discuss the responsibilities and expectations with the person beforehand to ensure they are willing to take on the role.

A Power of Attorney can be set to come into effect immediately upon signing or only when you become incapacitated. It is important to discuss this with your attorney to determine the most suitable option for your situation.

Yes, you can revoke a Power of Attorney at any time as long as you are mentally competent. You should consult with an attorney to ensure the proper steps are taken to revoke the document and notify the appointed person.