Picking your agents may be a tough decision for some, but you want to make sure you have the right people in place to help you make decisions. Whether you live in Arizona, or any other state, having the right people and making the right decisions, is key to a properly executed estate plan.
One of the critical decisions you need to make during the creation of your estate plan is who to designate as your agent(s)? Who do you want to make financial decisions on your behalf? Who do you want to make health care decisions on your behalf? This is not an easy decision, nor is it one you should take lightly.
The people you pick to act on your behalf are called “Agents” – they work for you, for your benefit. The legal documents that grant the agents their power is what defines how much or how little power each agent has. The attorney drafting the documents will work to meet your needs and wishes in the grant of power, but the selection of the agent is a personal decision that rests with you.
When selecting your agents, some factors to consider include:
- Ability of the person to act for you, when you need them to
- Comfort that the person will act in the way you want
- Is that person willing to be your agent?
- How well do you know you the person?
- How well does the person know you?
- In financial matters, how good is the person with figures and calculations?
- In health care matters, can the person balance the emotions of the situation with adherence to your desires?
- Are there other influences (such as a sibling or spouse) that would impact the person’s ability to adhere to your desires?
The bottom line is: Do you trust the person to act in your best interest, when you are unable to act for yourself?
When picking your agents, it matters who you trust to be your agent. You want to have the peace of mind that you have put together will be executed to serve your best interests. If you are in the Phoenix or surrounding areas and need estate planning help, please reach out to our team by calling (888) 222-1328 or using our contact page to get a free consultation scheduled to help you and your family.
Contributed by Attorney James P. Plitz
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