If you’re working on your estate plan, one of the things you may have to do is select a power of attorney. You may need more than one, depending on what you want to add to your plan.
For example, you may choose to have a health care power of attorney or to opt for a financial power of attorney. Both can be immensely helpful during your lifetime.
When selecting one or more people for these roles, there are some characteristics you should look for. Here are four to keep in mind.
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They have your best interests at heart
The first thing to look for is someone who always seems to have your best interests at heart. They should want to do what’s right for you and also to acknowledge what you want for yourself if you become incapacitated.
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They are nearby
The next thing to keep in mind is that your POA should be close to you. If they live far away, they may have a harder time performing the duties that are assigned to them in an emergency.
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They are articulate and can advocate for you
A third characteristic to look for is being articulate. You want to find someone who can speak clearly and make themselves understood. Along with this, they should be able to advocate for you, making sure that your wishes are always acknowledged and carried out when it’s appropriate to do so.
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They want to take on the role
The last thing you want to do is to select someone for a role that they don’t want to do. If you talk to your children about being your financial and health care power of attorneys, for example, they should be willing to do it. If they refuse, then you should look for someone else to fill the role.
These are four signs that someone may be a good power of attorney. You have the option of choosing anyone you want to fulfill the roles, but it’s helpful if they are willing to take it on and agree to be of assistance.