Why do I need a power of attorney if I have a trust? How do they play together? Well, this is very important. So again, this all starts with a trust. A trust is a bucket. You fill it up with things. Now if you become incapacitated or go into the hospital and can’t make decisions, the trust turns on and when it turns on the powers of the trust control, another person could come into place and manage those assets. But what happens if those assets are not part of a trust, right? Let’s say they are left outside.
We’re talking about whether you need to have a power of attorney in order to do medical planning for another person. Well, a lot of people call me and say, I have power of attorney and my mom or dad’s in the hospital and they need to get on medical. Can I help them in any way? And I will look at that document and I’ll say, sorry, it doesn’t have the right powers. You are out of luck! You have to go to the courts, which takes a whole lot of time and a whole lot of money. It’s.