Wills and Estates: Power of Attorney, part 3 of 4.
A Power of Attorney is a legal document that gives someone else the power to act on your behalf. Your “attorney” can be your spouse, adult child or children or a trusted relative or family friend.
You can name more than one person as your Attorney, and a Power of Attorney can be revoked if you change your mind.
A Power of Attorney is not a Will and becomes invalid if you die. The Powers granted to the executor of your Estate under your Will do not arise unless you die.
Fortunately, the cost of having a lawyer prepare one is quite reasonable. If you already have a Will, a review of it with your lawyer is an excellent idea and need not be expensive as our circumstances and families change over time.
Part 1: What is a Power of Attorney?