I was going to put out some free resources, and was considering putting out a free power of attorney form. But, I hesitated and ultimately decided against putting one out. Why?
I usually tell my estate planning clients that the power of attorney is the most dangerous document you can create. Connecticut has statutory forms (which means that the government created them so they are presumed to be valid) which are available. The short-form has this warning on it: “NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING.” That is in line with my advice and professional opinion on powers of attorney. They are not something to enter into lightly.
If you grant someone a power of attorney they can legally act in your name and you have practically no recourse. So, I won’t put links to the free one here – you can find them if you want. Besides, I checked what we charge clients to do them and they are usually around $150 – that includes my advice and guidance.
So, go it alone if you want to be penny-wise and pound-foolish, or call an attorney for guidance.