Power of attorney
- Listed: August 10, 2022 11:59 am
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Description
Power of attorney
A power of attorney (POA) is a legal document that allows someone else to act on your behalf. Creating a POA is a way to appoint a substitute decision-maker and is relatively inexpensive, although it may involve help from a lawyer.
A financial POA can be used as a tool for planning for future incapacity – the inability to make financial decisions due, for example, to dementia, traumatic brain injury, or some other impairment that affects mental function. When used for advance planning, a POA generally is “durable,” meaning it continues to be effective even if the person creating it becomes incapacitated. Continue reading to learn more about power of attorney (POA).
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Listing ID: 88362f39d8c6ccb4
- Listed by: Editor
- Member Since: July 24, 2018
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