Do I need a Power of Attorney?

That's completely up to you and a personal decision, these documents are part of a complete estate plan and come into play if you should lose decision-making capacity, so you may wish to think about your wishes in that regard.

A Power of Attorney is a legal document where one person (normally known as the Principal) gives another person the power to make financial and medical decisions on their behalf while they’re still alive.

Financial Powers of Attorney are used to appoint a decision-maker to manage a person’s financial and legal affairs, whilst Medical Powers of Attorney allows a person to choose a decision-maker to manage their health and lifestyle affairs.