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Cincinnati Ohio Legal Blog

You can take action to limit power of attorney abuse

Putting someone in charge of any type of situation can be intimidating. You certainly want to choose the right person for the job and ensure that he or she also feels comfortable taking on the role. When it comes to appointing a power of attorney agent, you may feel a bit apprehensive about giving that much responsibility to just anyone.

First of all, you certainly should not appoint "just anyone" as your agent. There is a possibility that abuse of power could occur when it comes to handling your finances. Because this person will take on the role of agent in the event of your incapacitation, you may worry about not having the ability to combat potential abuse.

DIY estate planning may leave you and your family with issues

All adults could benefit from having an estate plan. You may find yourself among the numerous individuals who think that estate planning is only for individuals with considerable wealth, but that it not the case. Whether you have a simple estate or many complex assets, you could still use an estate plan to get your affairs in order before your death.

While any plan could prove better than no plan, you may want to reconsider following do-it-yourself planning. Several options for this type of avenue may be available to you, but you may want to remember that they may not meet the specific needs of your estate. Of course, without the right information, you may not realize that you missed tools that could have proved useful to you.