Power of Attorney Lawyers in Norman, OK

Who Should I Choose as My Power of Attorney?

When choosing someone as your power of attorney, focus on their reliability, decision-making skills, and willingness to communicate openly with you and others involved. You should discuss the role with them beforehand to confirm their readiness to fulfill the responsibilities and their understanding of your wishes.

If you aren’t sure who to choose or who to even consider, our power of attorney lawyers in Norman, OK, can provide tailored guidance. We can answer your questions, review the advantages and disadvantages of each potential option, and give you the information you need to make a decision that provides peace of mind.

Here are some common choices:

• Spouse or partner. Many people select their spouse or partner because of deep trust and a shared understanding of finances and personal preferences. A spouse is often familiar with family dynamics and priorities. They may be more likely to prioritize your best interests and well-being, and they are probably extremely familiar with your financial situation and long-term goals. Emotional challenges may arise if they need to make tough decisions, and age-related issues or shared incapacitation could complicate their ability to act effectively.
• Adult children. Another common option is appointing an adult child, especially if they are responsible and organized. They are often motivated by genuine care for your welfare, and open communication within your family can make decision-making smoother. However, siblings could dispute the chosen child’s decisions and create family tension. An adult child also may not necessarily have the financial expertise or confidence to handle complex matters.
• Close friend. A trustworthy friend can be a viable choice, particularly if family involvement may lead to conflicts. An objective perspective may help avoid emotional decision-making without the complications that can come with family history. They may not fully understand your personal and financial preferences unless you communicate proactively and thoroughly, and the arrangement could strain the friendship, especially during challenging scenarios.
• Siblings or other relatives. Siblings or extended family members can bring a unique combination of personal consideration and familial care. They may be more likely to understand family traditions and personal preferences and can act as a natural mediator between other family members. Past family dynamics or unresolved conflicts could hinder effective decision-making, however.
• Professional fiduciary or attorney. A financial or legal professional can provide neutrality, with no personal biases or emotional involvement interfering with decisions. With that said, the costs associated with hiring professionals can add up over time, and, depending on your relationship with the professional, they may lack a personal connection and detailed insight into your values.