VIDEO: Understanding the Role of Powers of Attorney

As your parent ages, it’s important for them to be prepared for their future with a power of attorney. A power of attorney gives someone else the authority or power to act on your behalf. This can help them, and you, as an adult child, feel more prepared in case of a sudden medical emergency. It’s especially important as your aging parent starts thinking about moving to a senior living community.

There are two different kinds of power of attorney your aging parent should have in place:

• Power of attorney for finances. Giving someone the ability to sign checks and documents for you. Your parent can choose how much control this person has access and permission to act on their behalf.
• Power of attorney for healthcare. If your aging parent is unable to make a healthcare decision for themselves, this person can make that decision. Although, healthcare professionals will always look to the patient first if they’re able to make the decision.

The role of a power of attorney is very serious. Have your parent make these decisions early so they’re able to choose someone they trust, and who has their best interest in mind.