A power of attorney is an estate planning arrangement in which a person appoints someone else to handle their legal and financial affairs in the event that illness, injury, or age prevents them from managing these tasks on their own. Understandably, this role comes with significant responsibilities, and you want to select someone who you are confident can meet the demands of the position. To help you choose the most appropriate power of attorney agent, consider these three tips.

How to Choose a Power of Attorney Agent

1. Appoint Someone Trustworthy

First and foremost, a power of attorney agent needs to be trustworthy. They should be an individual who knows your values and understands your thinking. They are able to serve your best interests, even when forced to make difficult or complex decisions. They are detail-oriented and know how to conduct themselves with professionalism and tact.

2. Talk About It Beforehand

It is generally a bad idea to appoint a POA agent without discussing the matter with them at length beforehand. Confirm that they are willing to take on this role. Answer their questions, or have a joint consultation with your attorney so your POA agent can gain any clarity and information they might need before you appoint them. Be honest and open in your conversation with your POA agent. Share what you'd want to happen to your financial and legal affairs in the event the agent is called on to act. As much as possible, leave little debate in the mind of your POA agent about what you want.

3. Look for Comfort With Financial & Legal Issues

A power of attorney agent also needs to have some level of skill and a basic comfort level when it comes to financial and legal matters. They should have a general understanding of how finances work, and they should be comfortable consulting an attorney if any questions or issues arise. If your POA agent is going to make decisions relating to your business, be sure they know the business's mission, its goals, and its financial structure. In addition, give them contact information for the business's accountant, tax preparation service, and legal representation.

To draw up a power of attorney arrangement, consult an attorney. Trailhead Estate Planning in Signal Mountain, TN, is here to help. They offer legal assistance in estate planning, probate administration, and elder law cases. Prepare for your future and protect your legacy by calling (423) 228-7029 or visiting their website and scheduling a consultation.