What is a “power of attorney” and why is it so important?

Setting up a power of attorney is important.

When you hear the phrase “Power of Attorney” what comes into your mind? If you think it gives someone the ability to act financially on your behalf, you would be right. Perhaps you think your spouse or your adult children could automatically take this responsibility. Well, now you would be wrong. Please do take a few minutes to learn from Estate Planning attorney Katya Sverdlov, and discover the critical importance of the right power of attorney assignment.