Powers of Attorney for Financial Affairs
Who will handle your financial and legal affairs if you are incapacitated or unable to do so? Daily financial obligations, decisions and duties, such as banking, paying bills, investing in retirement plans, and purchasing insurance are all part of our day-to-day lives. You may also occasionally have a legal matter which needs attention, such as closing escrow on a home sale or purchase. Only you can handle your financial and legal matters. If you are incapacitated, no one has authority to act for you regarding these matters without a legally executed Financial Power of Attorney. A Power of Attorney for Financial Affairs designates an individual to act on your behalf with regard to your financial, business and legal matters, to the extent that you decide to allow that power. Your Agent literally “steps into your shoes” with full authority to sign your name but with the legal responsibility to act only in your best interests while you are unable. Every person over age 18 with any assets or financial responsibility should have a Power of Attorney for Financial Affairs.