Powers of Attorney

Question:
How can I give legal authorization to my son to make financial decisions for me if I become incapacitated?

Answer:
A power of attorney is your authorization given to someone else, maybe a spouse, a child or a parent, who will make financial decisions for you if you should ever be unable to make those decisions for yourself.

This authorization is a very important legal right, so generally it is better to make a power of attorney effective only when you become incapacitated and cannot handle your own affairs.