Appointing a person to be your Attorney under a Power of Attorney allows that person to take care of any financial responsibilities or legal matters that you have, in the event that you become incapacitated, experience illness or an accident, or in the event that you are not available due to a job situation, travel, etc. An Attorney’s responsibilities can include anything from day-to-day banking, renewing mortgages, managing the sale of a business, etc. You have the ability to restrict the powers of your Attorney as you prefer or to give your Attorney powers broad enough to cover all your financial affairs whether you are capable or become incapable.
Categories:
Estates & Trusts,
Power of Attorney
