A financial power of attorney is a document which allows
someone else to act on your behalf if you are sick or out of the country. This
power can be used to pay your bills and access your bank account, for instance.
When you hear the term “attorney”, you probably think of a lawyer (also known
as an attorney at law). The term actually means “representative” and the power
of attorney document allows you to select people of your choice to make
decisions for you.
If you don’t have a “power of attorney” document and
necessary financial decisions must be made when you are unable to make them
yourself, your loved ones or others will need to go to court to have a guardian
appointed. That will result in needless expense, aggravation and delay.
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