The General Power of Attorney is a document that every good financial or legal advisors will suggest you have in your estate plan. It allows the person you appoint as your agent to do whatever you have authorized.  Some typical things that your agent can be asked to do are pay bills, handle your property or investments, and file tax forms.

Even if you are happily married to a spouse you trust to manage your affairs, a General Power of Attorney is important.

For instance, if you own property or investments together it might be impossible for your spouse to take necessary financial steps, such as selling stocks or property, without either your signature or a Power of Attorney. Banks and insurance companies can refuse to do what you need done if you don't have signed authority from the person you're representing. Many a family member has been forced to turn to the Courts to get authorization to do things that would have been quick and simple if they had had the right paperwork in place. This is expensive in dollars, and even more expensive in time when time can be critical

If you are a caregiver you should have a General Power of Attorney to best help your loved one.  It isn't nearly enough to have everyone's name on the bank account when you have to do other financial business - like possibly sell a house or a car, or buy/sell investments.

A General Power of Attorney is a powerful document. It isn't a good idea to use do-it-yourself forms when it involves your finances. Instead, consult with an attorney to be sure that you have covered all of your bases thoroughly.