10 Reasons Everyone Needs a Power of Attorney in Retirement

What if something happened to you and you needed somebody else to make decisions in your place? Do you have a durable power of attorney in place to make things easier for you and your loved ones?A durable power of attorney is an essential estate planning document for when you become disabled or incapacitated. It allows somebody else to make decisions and transactions that you would normally do yourself.In this episode of the Secure Your Retirement podcast, we explain the ten reasons why you need a power of attorney regardless of your age. Listen in to learn the peace of mind you will have knowing that everything will be taken care of if something happens to you.In this episode, find out:You become incapacitated or disabled, and you can’t make any transactions.It gives you convenience when traveling, making things easier for the what-ifs that can happen.The financial decisions related to your health need to be part of a durable power of attorney.Have someone who can handle your financial affairs if you cannot do so.Give someone the ability to make real estate transactions on your behalf.Making gifts to fulfill your wishes if you don’t have the mental capacity to do so.Have someone to deal with all your tax matters if you’re unable to.A durable power of attorney can help protect your privacy.It helps avoid guardianship proceedings which saves time and effort.It provides peace of mind knowing that you have a backup plan if something happens.Tweetable Quotes:“The durable power of attorney would allow somebody else to be able to make simple transactions that you cannot do.”- Radon Stancil“A power of attorney makes it possible for privacy to be maintained in a scenario of incapacity or disability.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.