Etoile2701
I am in the process of trying to set up a POA for myself and my DH now. Not easy and very expensive. Is it really essential?
IMO, yes. Financial and welfare POA are as essential as Wills.
We have both.
My active middle aged uncle fell over in the street and hit his head on the edge of a granite kerb. He instantly and permanently lost all mental and physical capacity and spent the last months of his life as a non verbal vegetable in a hospital bed. His wife did not have POA , no access to all his accounts and assets from which (as a very efficient CA) he had always managed all their household finances and investments. No say in his medical care. On top of all the acute sadness and worry for him, she was struggling with unpaid bills for their very large house.
His hospital care was awful but the ample money that could easily have afforded private care, was all in his name and out of her reach.