If you live in Louisville, KY, and you want to make sure that your loved ones can take care of you in the event something happens to you, then you might want to consider establishing a power of attorney. This document gives another person the legal authority to make decisions on your behalf in the event that you are unable to do so yourself. There are many different instances in which power of attorney can be beneficial. We will discuss a few of them in this article to help you understand the importance and benefits of this document.
If You Are Unable to Make Decisions for Yourself Due to an Illness or Injury
One of the most common reasons that people choose to have a power of attorney in Louisville, KY, is because they are unable to make decisions for themselves due to an illness or injury. This could be anything from a temporary illness that leaves you hospitalized to a more permanent condition such as dementia.
If You Are Going to Be Out of the Country for an Extended Period of Time
Another common reason why people choose to have a power of attorney in Louisville, KY, is because they are going to be out of the country for an extended period of time. This could be for work, travel, or any other reason. Establishing power of attorney can be done through a trusted law firm such as Winton & Hiestand Law Group PLLC. Having someone you trust who can handle your affairs while you’re gone can be a huge weight off your shoulders.
If You Want to Give Someone Else the Ability to Handle Your Finances
Another common reason why people choose to hand over power of attorney in Louisville, KY, is because they want to give someone else the ability to handle their finances.
