Everyone is at risk of having an accident, an illness or disability that could interfere with earning an income, paying bills and tracking investment. Be sure to set up powers of attorney: one for property and one for personal care. You choose the person or people who will act on your behalf if you become incapable.
Like wills, powers of attorney have to be made with care so the powers given to your representatives correspond with your wishes and they are able to act in your place if the need arises.
Also, business owners can make a continuing power of attorney, separate from their power of attorney for property.
You may be able to save money by making both powers of attorney at the same time. Check with your lawyer.
Once your power of attorney is signed, you can make changes to it as long as you remain fit.