Even though you may not be able to explain the exact duties of a power of attorney, you may understand enough about it to know that it becomes incredibly important as a person ages and their health begins to fail. That's because a power of attorney has the right to act on behalf of someone else, meaning the power of attorney can make important decisions about the property and assets of the person who appointed them.
At what age do you think is acceptable to start drafting your estate plan? If you're like a lot of people across the nation, you may have picked an age that's later in life, say after the age of 50. But if you're like a small percentage of the population, you may have picked an earlier age, perhaps even before the age of 30.
One of the great myths about estate planning is that you don't need to even start thinking about it (or working on it) until you're older. That simply isn't true. As sad as it is to say, sometimes accidents and fatal incidents happen at the worst possible time. Young people have their lives taken from them in the most inexplicable and unfortunate ways.