Reasons To Consider Financial Power Of Attorney
Each state has its own rules for those whom the court has designated to make a financial decision if the court cannot decide physically or cognitively. The best way to avoid a judge from naming someone on your behalf is to sign a financial statement in a lawyer's document that appoints someone you trust. A Power of Attorney is a legal document that is signed by a person when he/she is in a good healthy condition and is competent enough to appoint or assign someone to represent or act instead of himself/herself with respect to the decisions pertaining to personal assets or property or care. But it can't redo the registered funds or life insurance beneficiary designations and importantly legal will if they made any. 4 Things Someone with Power of Attorney Can Do for You Typically, powers of attorney authorize the agent to carry out financial tasks such as: Signing the principal’s checks. Dealing with his or her assets. Investing his or her money. Generally han...