Josephine Gittler, a legal scholar and a spokeswoman for the organization, says designating a power of attorney provides vital protections.
“It’s really prudent for everybody to anticipate that they might be in a situation where they’re going to be unable to manage their financial affairs,” Gittler says, “and to ahead of time, designate someone that they really trust to handle their financial affairs.”
Planning ahead solves problems that take time and money in court, and she says that legal process takes the decision out of your hands.
“The individual who is no longer able to manage his or her financial affairs has no say in the choice of who is going to be appointed by the court,” Gittler says. “So, it really makes sense for everybody to execute a valid financial power of attorney.”
While the focus is often on older Nebraskans creating a financial power of attorney, Gittler says people of all ages need to consider it. She says an unexpected accident can leave a young person temporarily unable to manage their finances.
“You may sustain injuries that affect you ability to make decisions,” she says. “There are all sorts of events in life that occur that we don’t want to have happen, that we don’t anticipate, that might happen.”
She says the holidays are a good time for families to discuss the issue with elderly members.
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