Review and Evaluate your POA using the 5W1H every few years

Share to social media
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Review and Evaluate your POA using the 5W1H every few years

Who? Who have you chosen to make decisions when you cannot? If more than one person do they have to decide together or can they decide independently? Who is the back up? Who breaks a tie?

What? What have you given permission to do? All money transactions except write a will, or only specific accounts or specific tasks? What are your future care wishes and plans?

Where? Where is your original POA documents? Where are the copies? Where are secondary POAs such as bank specific documents?

When? When can your attorney make decisions on your behalf? Immediately? At some future date? When is the POA triggered to let your attorney make decisions? Why? Why did you choose each named attorney? Why did you exclude other close family members?

How? How do you expect your attorney to conduct themselves? Do they need to consult or report to anyone? Do they need to continue certain traditions or donations? Are there any restrictions on what they can or cannot decide in your place?

Leave a Reply

Your email address will not be published. Required fields are marked *