Why Every Adult Should Have a Power of Attorney in Place

February 27, 2025

Why Every Adult Should Have a Power of Attorney in Place

Life is unpredictable, and while we often plan for the expected, it’s equally important to prepare for the unexpected. A Power of Attorney (POA) is a critical legal document that allows you to designate a trusted individual to manage your financial, legal, or medical affairs if you become unable to do so yourself. At Cheryl Eddy Benn, P.C., we assist individuals in Virginia Beach with establishing a legally sound Power of Attorney to ensure their interests are protected in any situation.


The Importance of a Power of Attorney


A POA is essential because it provides legal authority to someone you trust, ensuring that your affairs continue smoothly in case of an accident, illness, or incapacitation. Without a POA, your loved ones may face legal hurdles and delays in managing your finances or making medical decisions on your behalf.


Types of Power of Attorney


  1. Financial Power of Attorney – Grants authority to handle financial matters such as paying bills, managing investments, or handling real estate transactions.
  2. Medical Power of Attorney – Allows a designated agent to make healthcare decisions if you are unable to do so.
  3. Durable Power of Attorney – Remains in effect even if you become incapacitated, ensuring that your affairs are handled without court intervention.
  4. Limited or General Power of Attorney – Provides authority for specific tasks or broad decision-making power based on your needs.


Consequences of Not Having a Power of Attorney



If you don’t have a POA in place and become unable to manage your affairs, your family may have to go through a court process to obtain guardianship. This can be a lengthy, stressful, and expensive legal proceeding that could have been avoided with a properly executed POA.


Ensuring Your POA Is Legally Sound


For a POA to be legally valid in Virginia, it must meet specific state requirements. At Cheryl Eddy Benn, P.C., we help Virginia Beach residents draft a legally binding Power of Attorney that aligns with their unique needs. We ensure that your chosen agent has the proper authority and that your document meets all necessary legal criteria.


Conclusion


Having a Power of Attorney is a vital step in estate planning that ensures your affairs are handled according to your wishes. Whether for financial, healthcare, or general decision-making, a POA provides peace of mind and prevents unnecessary legal complications. Cheryl Eddy Benn, P.C. is here to guide you through the process, ensuring you and your loved ones are prepared for any situation.

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