A Power of Attorney is a written document in which one person (the Principal) authorizes another person (the Attorney-in-Fact) to handle financial or property transactions for the Principal.
I can see the importance of having a Power of Attorney, but I still don’t like the idea of my Attorney-in-Fact having the authority to act when I am still able to myself. Is there anything I can do to have my cake and eat it too?
You are not alone in feeling this way. While realizing that having a Power of Attorney on hand is much easier than having a guardianship/conservator appointed by the court to act on your behalf should you become incapacitated/incompetent, it still is not entirely comfortable for some people to give this power to another while they are still able to act on their own behalf. You and your attorney can discuss this issue and ways to deal with it.
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