EPS 22 - Power of Attorney: Planning Ahead Before It’s Too Late

As parents age — or even in your own life — there comes a point when someone may need help managing financial or health decisions. That’s where a power of attorney (POA) becomes critical.In this episode of the Pink Money Podcast, Jerry explains:The different types of powers of attorney (general, durable, limited, healthcare, and springing).Why timing matters — and why waiting until a loved one is incapacitated is too late.Common pitfalls, like banks rejecting older POAs or requiring their own forms.The limits of a POA (valid only while someone is alive) and when executors take over.How to avoid headaches by reviewing and updating POAs regularly.Takeaway: A power of attorney is one of the simplest, most powerful estate planning tools — but only if you put it in place before it’s needed. Don’t wait until a crisis forces your hand.💬 Have a question or comment? Contact Jerry here