Most people think of power of attorney as the document that allows you to appoint someone to make financial and legal decisions for you if you cannot do so yourself. While this is undoubtedly an important use of a power of attorney, there are many other ways in which this document can be helpful. In this blog post, we will discuss three ways a power of attorney online can benefit you and your loved ones.
Get peace of mind
One of the essential benefits of having a power of attorney is the peace of mind that it can provide. If you become incapacitated, your loved ones will not have to worry about making difficult decisions on your behalf. Instead, they can simply follow the instructions you provided in your power of attorney document.
Another benefit of having a power of attorney is that it can help you avoid probate. Probate is the legal process through which your assets are distributed after death. If you have a valid power of attorney, your loved ones will not have to go through this time-consuming and expensive process.
Make things easier for your loved ones.
Finally, power of attorney can make things much easier for your loved ones. If you become incapacitated, they will not have to worry about making decisions on your behalf. Instead, they can simply follow the instructions you provided in your power of attorney document.
If you are still not convinced that a power of attorney is right for you, consider this: according to a recent study, 70% of Americans do not have one. This means that if something happens to them, their loved ones will have to navigate the legal system without any guidance from the person who knows them best.