You have yet to appoint a legal decision maker! Who
will handle paying or switching over bills? What happens if you become delinquent? Who will negotiate settlement payments on your behalf? Who will apply for needed government benefits? Does anyone have access to your individually held accounts? What if someone, like a spouse or adult child, needs access to your 401k or IRA? Who will help you take the estate planning steps necessary to protect assets ahead of a Medicaid qualification? If you own or co-own real property, what happens if you need
to sell that real property? If you don’t have a power of attorney and something traumatic happens, will you need a guardian? Who would be your guardian and what sort of legal fees are involved? Could you avoid guardianship all together by having a General Durable Power of Attorney in place?
