Durable Power of Attorney
A Durable Financial Power of Attorney is a document that lets you appoint someone (known as your “agent”) to manage your finances for you if you ever become unable to do so for yourself.
The agent is much like an employee: just because you give them access to the cash register, doesn’t mean you are giving them the cash. The agent has what we call “fiduciary duties.” This means, generally, that the agent has to exercise loyalty and care when they manage the assets for you.
This power of attorney, if done correctly, can assist a client from having a court-appointed conservator (much like what happened to Brittany Spears). The power of attorney allows you to privately designate an individual you trust to assist you with managing your household when you are unable to do so. If you do not privately designate someone, you could be subject to someone the court appoints for you.
A Durable Financial Power of Attorney is a document that lets you appoint someone (known as your “agent”) to manage your finances for you if you ever become unable to do so for yourself.
The agent is much like an employee: just because you give them access to the cash register, doesn’t mean you are giving them the cash. The agent has what we call “fiduciary duties.” This means, generally, that the agent has to exercise loyalty and care when they manage the assets for you.
This power of attorney, if done correctly, can assist a client from having a court-appointed conservator (much like what happened to Brittany Spears). The power of attorney allows you to privately designate an individual you trust to assist you with managing your household when you are unable to do so. If you do not privately designate someone, you could be subject to someone the court appoints for you.
A Durable Financial Power of Attorney is a document that lets you appoint someone (known as your “agent”) to manage your finances for you if you ever become unable to do so for yourself.
The agent is much like an employee: just because you give them access to the cash register, doesn’t mean you are giving them the cash. The agent has what we call “fiduciary duties.” This means, generally, that the agent has to exercise loyalty and care when they manage the assets for you.
This power of attorney, if done correctly, can assist a client from having a court-appointed conservator (much like what happened to Brittany Spears). The power of attorney allows you to privately designate an individual you trust to assist you with managing your household when you are unable to do so. If you do not privately designate someone, you could be subject to someone the court appoints for you.