3. Obtain a financial power of attorney
As we’ve mentioned before, a health care proxy allows someone to make medical decisions on your behalf, so a financial power of attorney will leave another person to handle your finances and possessions. So, if you become unable to take action on financial matters, a financial power of attorney will do the job for you.
Getting a financial power of attorney will help you with bill and tax payments and everything that’s related to your finances. However, you should give this responsibility to someone who will act in your best interests.