Financial Power of Attorney
A financial power of attorney is a legal document that allows a designated person to manage the financial affairs of another person if they are unable to do so.
The designated power of attorney can perform a variety of financial tasks, such as paying bills, managing bank accounts, making investment decisions, and buying or selling property.
This document is typically part of an Estate Plan, a series of legal documents that outline how a person would like their end-of-life affairs to be managed, financially, legally and physically.
Creating a financial power of attorney typically requires the assistance of an Estate Attorney or other legal professional, as the document must meet specific legal requirements to be valid.