When you are creating an estate plan in Tennessee, a Power of Attorney is generally considered to be an essential part of that. It is important that you have someone to protect your interests while you are alive and when you are not here anymore. Without a Power of Attorney, you may find yourself in a confused situation that might hurt you and your family members as well. 

That being said, a Power of Attorney should never be just an option for you. There are several reasons for having a POA, and some of them will be discussed in this blog. Meanwhile, get in touch with an estate planning attorney Knoxville TN, to start drafting your documents. 

Reasons to have a Power of Attorney 

  • You can prepare for health emergencies.

Everyone may experience difficulty while facing a medical emergency. However, you can never be prepared for such things, so having a healthcare power of attorney in place can ease the situation. If you are unable to manage your healthcare, the agent you mentioned in that document can take over. 

Give a copy of your medical power of attorney to your healthcare professional as soon as you create one. The documents you previously gave them will let your healthcare provider know who to call for help if you are unable to make healthcare decisions on your own.

  • There will be someone to handle your business. 

If you are a business owner and decide to go on a vacation, having a Power of Attorney can be of significant help for the seamless running of your business. By granting someone a power of attorney, you can avoid any delays to your business’s daily operations and authorize them to manage investments, sign contracts, and make financial decisions on your behalf.

  • There will always be someone taking care of your family.

A comprehensive, durable Power of Attorney is like giving someone the power to handle your money and make financial decisions for you if you can not do it on your own. 

With this document, you can specify that your agent can keep giving money to your family, pay for your children’s college, and take care of household bills if you give your consent for it. It is a way to ensure that someone you trust can manage these important matters on your behalf if you are unable to do so.

  • You will have peace of mind.

Having a POA could give you peace of mind because it assigns a trustworthy person to manage your affairs in the unfortunate circumstances when you become unable to do so. 

Do not leave your future to chance. In Tennessee, a Power of Attorney can be invaluable to your future’s security. Hire an attorney to draft your legal documentation today.