In recent weeks, we've talked several times about the administration of your estate after you pass away, but in some cases, you might need assistance administering your finances while you are still alive. If you are ever incapacitated by injury or health issues, even temporarily, you might need someone to take over the helm of your financial issues. The person you choose to handle such matters must be given power of attorney over money matters so he or she can act and make decisions on your behalf.
This is a big responsibility, so you never want to choose someone lightly. The person you select will have access to your financial information and funds, and depending on your situation, he or she might represent you in financial or business dealings during the time you are incapacitated. You'll want to choose someone who is responsible, willing to learn about your wishes and most likely to carry out your wishes.