That is a valid question. One that is not pondered enough and often results in a family member being thrown into a position of great responsibility without any direction or idea how they are to act or what they are to do. In fact, most people sign power of attorney documents naming someone, but then never tell them or have a conversation with that person about what will be expected of them.
Financial Power of Attorney
A proper estate plan should provide for the following: (1) the ability to control your property while you are alive and able, (2) planning for you and your loved ones should you become disabled, and (3) after you die, making sure your assets go to the people you love without unnecessary cost or delay. Moreover, for an estate plan to be effective there needs to be proper asset ownership and control of the process.