The FAQ’s of Estate Planning #5: What is the Purpose of a Power of Attorney?

Many clients do not understand the purpose or uses of a power of attorney as a part of their estate planning.

The Answer:  Powers of Attorney (Medical and Financial) allow you to designate someone to make medical and financial decisions for you in the event that you are alive but not able to make those decisions for yourself.  The Powers of Attorney cease to be effective as soon as you die, but prior to death, they are very important because they allow you to designate someone to interact with your doctors and banks to ensure that decisions are made for you when you cannot make them for yourself.