Why are Medical and Financial Powers of Attorney Important?

Powers of attorney are important documents that can save the expense and hassle of having to go through a guardianship or conservatorship if someone becomes incapacitated or needs assistance. However, sometimes powers of attorney don’t work as well as planned if a bank or agency refuses to honor them or an elderly individual is prone to exploitation by others. However, for most people powers of attorney are very effective for avoiding the appointment of a guardian or a conservator.