A Durable Power of Attorney is a legal document that you create to give another person the legal authority to act on your behalf, even if you become incapacitated and can no longer speak for yourself. By choosing a Power of Attorney ahead of time, you have the power to make sure that your wishes will be met regarding your legal, financial and health decisions. You can give the agent limited or broad powers. It’s up to you.
- Authorize most aspects of financial management on client's behalf
- Manage all banking transactions, including check writing and accessing safety deposit boxes
- Buy and sell property
- Make decisions about stocks or other securities
- Purchase insurance
- Manage government benefits
- File tax returns
- Hire professionals to assist with responsibilities
- Follow the client's wishes for medical decisions
- Obtain second opinions, when necessary
- Communicate with family about medical decisions
