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Why EVERYONE needs Power of Attorney in Place

Updated: Aug 16, 2022

Speaker 1 (00:00):

Welcome to the Redfish, Healthy, Wealthy, and Wise podcast. Our focus is to deliver information that helps you become healthy, wealthy, and wise. This podcast is sponsored by Redfish Capital Management, the views and opinions expressed here and do not necessarily represent the views and opinions of SCF securities, Inc, or any SCF related entity. This material is for general information only and is not intended [00:00:30] to provide specific advice or recommendations for any individual securities offer through SCF securities, Inc. Member FINRA, S I P C investment advisory services offered through SCF investment advisories Inc office at 1 55 east Shaw in Fresno, California, SCF securities, Inc, and Redfish Capital Management are independently owned and operated. SCF is not associated with other podcasts. And the messages contained within. Brad [00:01:00] Murrill and Redfish Capital does not offer legal or tax advice. This material is not intended to replace the advice of a qualified tax advisor or attorney please consult legal or tax professionals for specific information regarding your individual situation now for your host, Brad Murrill.

Speaker 2 (01:26):

Hey everybody. Welcome back to another edition of the Redfish, Healthy, Wealthy and wise podcast. This is Brad Murrill, and I wanted to talk to you today about something that's a little bit different. And I know I've mentioned this in the past and I've probably done a couple podcasts on it in the past, but I think it's very important. This has nothing to do with the markets today. This has nothing to do with investing, but it does have to do with your family and with your money. And so what I'm gonna talk to you with today is about power of attorney and why that we at Redfish always suggest that you have these copies done by an attorney and have them on file, both paper file and digital. So to tell you how I kind of came about this is some of you may or may not know many, many years ago when I was a seminary student part of the training and education that we got was to be a chaplain.

Speaker 2 (02:27):

And so I went ahead and took those classes. And and then the, the next part, after you take all the, the book learning classes and things like that is you actually do rounds as a ch as a chaplain. And the seminary that I was at had an association with Memorial Herman in the medical center and Memorial Herman in the Houston medical center at that time. And I think it probably still is, was the number two level one trauma hospital in the United States, basically because of the life flight helicopters and everything like that people were brought to this hospital for pretty dire situations. And so there were, I believe there were three of us that in advanced on then to do rounds at this particular hospital. And so we were getting our assignments kind of a funny story. We're we're sitting around the table and they're handing out the assignments and they turned to the person that was two seats over from me.

Speaker 2 (03:33):

And they said, Hey, you know, you are gonna be responsible for being at the front desk and tell when they come in welcoming people to the hospital, da, da, da. And I was like, oh, that sounds really kind of easy. And then they turned to the next person they said, and you are gonna be welcoming people to the cancer ward. So when they get there, they're gonna be scared. They're gonna be nervous. You're gonna introduce 'em around and everything. And I went, okay, well, this is kind of cool. What's gonna be my assignment. They looked at me and they said, we're gonna assign you to the shock trauma in ER wards. Pretty much the people that you see are gonna be dying and, or dead <laugh>. And I was like, excuse me, I, I, I want, you know, wait a minute, this didn't seem right.