If your or your aging loved one has not yet named a power of attorney, using a DIY power of attorney document that can be found online might seem like a fast and affordable option. When it comes to these documents, though, the adage “you get what you pay for” is true.
In fact, here's what Charles Sabatino, director of the American Bar Association’s Commission on Law and Aging, told Carefull about drafting a power of attorney document: “It’s always safer to have a lawyer do it for you.”
Here’s what you need to know about the drawbacks of DIY power of attorney documents and why it’s worth it to spend more to have an attorney draft this essential document:
- The document might not comply with your state law.
- The document could give too much or not enough power to your agent.
- You could expose yourself to unintended exploitation.
- The document could be open to disputes if the wording is not explicit enough.
To learn more, see The Problem with DIY Power of Attorney Documents.