When you start estate planning, you may focus on the need for a will. After all, the will is the most common legal document that people say they need to have as they age.
The reality is that a will is not all you need, and your power of attorney designation could be even more important. A power of attorney is a legal document that designates another person who will act on your behalf when you're unable to do so. This person may make decisions for you when you're sick, disabled or after you pass away, so that you can rest easy knowing that they will take care of your estate and carry out your wishes.