Tags
Agent, Common Estates, Durable Power of Attorney for Finances, estate, Estate Administration, Estate Plan, Executor, Financial Authority, Grant Authority, Power of Attorney
Choosing an agent for your Durable Power of Attorney for Finances deserves as much consideration as choosing the right executor. As described in the article A Coherent Estate Plan Consists of More Than Just a Will, estate planning involves taking care of yourself first. As such, the Durable Power of Attorney for Finances becomes an integral document for your estate plan.
The Durable Power of Attorney for Finances is a document that allows you to designate an agent to handle your finances in the event you become incapacitated. Additionally, the agent you choose has only the financial authority that you grant them in the document. Therefore, choosing an agent for your Durable Power of Attorney for Finances is vital to building a solid estate plan.