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When loved ones grow older, it often becomes necessary to establish a power of attorney, health care proxy and\/or guardianship<\/a> to handle their affairs in the event that they become incapacitated.<\/p>\n Power of Attorney<\/b><\/p>\n Power of attorney is simply written authorization to handle another person’s affairs, usually financial matters. The process is straightforward: the document must be signed by the principal or grantor (the person granting the power) and the agent (the person to whom the power is granted). Both signatures must be notarized, and some states also require one or more witnesses. The document itself should be prepared by a qualified elder law attorney<\/a>, as there are many possible provisions, including the appointment of multiple agents or a successor agent and designation of specific powers, such as the power to handle real estate transactions or legal matters.<\/p>\n In the case of handling the affairs of an elderly parent, you will (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" When loved ones grow older, it often becomes necessary to establish a power of attorney, health care proxy and\/or guardianship to handle their affairs in the event that they become incapacitated. Power of Attorney Power of attorney is simply written…<\/span><\/p>\n