Which role is primarily involved in long-term financial decisions?

The role most closely associated with long-term financial decisions is the power of attorney. This individual is granted the authority to make decisions on behalf of another person, specifically concerning financial matters. This could include managing assets, handling investments, paying bills, and making strategic financial choices that align with the long-term interests and goals of the person they represent.

In this context, a power of attorney often needs to have a thorough understanding of financial systems, investment strategies, and the ability to navigate complex financial situations. This expertise enables them to make informed decisions that can significantly impact the financial well-being of the individual in the years to come.

The other roles—guardian of person, legal advisor, and health advocate—have different primary focuses. The guardian of person is typically responsible for making decisions regarding the individual's personal care and well-being, while a legal advisor provides guidance on legal matters. A health advocate specifically focuses on the patient's medical interests and healthcare decisions. While these roles are important, they do not primarily deal with long-term financial planning and management in the same way that a power of attorney does.