Many estate planning attorneys feel a power of attorney is the foundation of any good estate plan. Whether you are just starting in your chosen career or you are preparing for your retirement, it is never too early to consider how you would want your affairs to be managed in the event something were to happen to you, leaving you unable to exercise control over your own finances. Granting power of attorney to a trusted spouse, sibling, adult child, close friend or attorney can give you peace of mind, knowing someone you believe will act in your best interests, will legally have the right to do so. Although having a power of attorney can be one good way to prepare for your future, there are many factors to consider when deciding the type of power of attorney you need, as well as who you will choose as agent.