Valley First

Do I need to give someone power of attorney?

Giving someone power of attorney gives you the reassurance that your affairs, and your loved ones, will be taken care of when you can no longer take care of matters yourself. In some cases, you may also wish to grant someone power of attorney when you are capable of handling your own affairs but unable—for example, while you are working overseas.

The most common choices for an attorney are a family member or a trusted friend, but they could also be:

  • A personal care of health care provider
  • An employee who works in a health care facility
  • A guardian or trustee
  • A financial institution

Why should I give someone power of attorney?

When you are granting someone power of attorney, you can be specific in what powers you are granting them. You can also name multiple attorneys to handle different aspects of your life. For example, you can designate a family member to oversee your personal care and a financial institution to handle your property. Granting an enduring power of attorney allows your attorney to continue to manage your affairs even after you become mentally incapable.

Helpful resources for appointing a power of attorney


Do you need help with the power of attorney process?

We offer power of attorney services through our partnership with Concentra Trust. Make an appointment to speak with a financial planning expert for guidance at your nearest branch today.

 

More on estate planning

What is estate planning?

Why do I need a will?

How do I appoint an executor?

 

Talk to us

Whether you’re looking for more information, or you’d like help planning your estate, you’ll find our contact information here.

 

We encourage you to visit one of our branches for more information on how Valley First can make things simple for you every step of the way!


 

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