A Power of Attorney allows a capable adult to appoint a person or persons to handle the adult's financial and legal matters in the event the adult needs assistance or may be unable to do so in the future.
The document also specifies whether these individuals are allowed to act separately or if they are required to act together. Because of the financial authority conveyed, it is critical that the adult fully understands what powers are being granted with this document and has complete trust in the person being appointed. It also allows the adult to compensate the designated attorney for duties performed.
Who Should Have a Power of Attorney?
This document has great value for anyone who:
*This document does not provide for health care needs (please see representation agreement).
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