What if something were to suddenly happen to you? It would be wise to take into consideration just how difficult it would be for someone else to take care of all your bills, according to WMUR 9 ABC in "Money Matters: Why you need a durable power of attorney."
You need to think about what would happen if you had an accident and could not pay your bills for a month or two or even more.
What would it be like to get out of the hospital and come home to a big stack of unpaid bills? How many of your services would be cut off? Would you be in any shape to pay all of the stacked up bills to quickly get everything back in order?
There is a way to avoid that scenario.
An estate planning attorney can assist you in preparing an effective durable power of attorney as well as other essential estate planning documents.
Reference: WMUR 9 ABC (July 6, 2017) "Money Matters: Why you need a durable power of attorney."