Durable Power of Attorney 101: Tips for Choosing an Agent
An important part of estate planning is establishing a durable power of attorney. This legal document nominates an agent who will act on your behalf, if you become ill or injured, and are unable to make decisions for yourself. This agent will be able to make medical decisions, financial decisions, or both. When selecting the person who is going to act as your agent, you should consider the following factors. Do you trust him/her? The most important factor to consider when picking your agent is choosing someone who you trust unconditionally. Since your agent will be acting on your behalf while you are incapacitated, you should trust this person fully to act in your best interest and carry out your personal wishes. Many people select a close friend, spouse, or…