You are ready to have your Power of Attorney done. You want both of your children or siblings to serve as co-agents, which means they will have joint power/ responsibility for decision making if you become unable. Simple, right? Maybe not. There are drawbacks with a shared power of attorney. Your intentions may be to allow your loved ones to have equal say or to provide checks and balances. However, if there is conflict when it comes to making a particular decision, there can be delays in handling your affairs and worst case scenario- a court may need to get involved!!!
There are a number of things to consider before deciding that having co-agents is truly the way you want to go. You want to be sure to talk to a professional to ensure that your wishes AND your needs will be met. Do not hesitate- contact us today!!!
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