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In the event you become unable to make decisions on your own behalf, a power of attorney can serve you well and ensure both you and your loved ones are properly cared for. With more than three decades of experience, the team at Watson Law Firm of Harrison helps clients throughout the Harrison, Arkansas, area set up power of attorney plans, and they understand the unique advantages a power of attorney offers.

Here, Watson Law Firm discusses three of those advantages:

  • Make Financial Decisions: When you devise a power of attorney, you appoint a trusted person or organization to make financial decisions for you should you become unable to do so. This person or entity is known as your agent. A power of attorney is a routine part of any estate plan, and it ensures that bills are paid, insurances are managed, and your financial affairs are in order.
  • Avoid Appointing A Conservator: If you become incapacitated and do not have a power of attorney named, your loved ones will have to go before the courts in order to get a conservator appointed for you. This process can be costly. It is also a delicate private matter that must become the business of the public court system. Let Watson Law Firm help you name a power of attorney to avoid your loved one having to appoint a conservator.
  • power of attorneyA Partnership With Your Spouse: Some people assume that if they become unable to make their own decisions, the management of their affairs automatically falls to their spouse. This is usually not the case. While some responsibility will become your spouse's, many things will fall outside their jurisdiction. For example, if you own real estate that is in your name only, your spouse cannot sell it or make any decisions regarding it. With a power of attorney, you have someone working in partnership with your spouse to make the best decisions for both of you.

Don't be caught without a power of attorney — make sure you and your loved ones are protected and call Watson Law Firm today. You can reach them at (870) 704-4037 to start drawing up plans for your power of attorney. You can also visit the firm online to learn more about their other practice areas, and find them on Facebook.

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