What is a power of attorney?

Your estate plan does not just have to include plans for what happens after you die. It can also include plans for managing your life and assets if something happens to you while you are alive that makes it difficult for you to do it yourself. One option you have is creating a power of attorney in Minnesota, which according to the National Caregivers Library, gives someone else authority to make decisions for you.

Creating a power of attorney allows you to still maintain control if you become incapacitated. You get to choose the person who acts as your representative. You also maintain some control over what exactly the person has the power to do. You can make it as limited as you want. For example, if you want to give the person control over one particular aspect, such as having the power to write checks on your behalf to pay your bills, then you can do that. You can specify every detail of the power of attorney. It is up to you what decisions he or she can make and what access he or she has to your assets.

You can choose anyone to handle these duties. Make sure whoever you choose is someone you trust and can rely on to make decisions you would want. Keep in mind the court does not manage a power of attorney, so you need to choose wisely.

You can change your power of attorney in writing. If the person you name is your spouse and you get divorced, the agreement terminates upon your divorce. This information is for education and is not legal advice.

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