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Power of Attorney for Finances

Published: December 2009, ed. 0

Authorize someone trusted to handle your finances in case you're ever incapacitated.
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Description

Give someone you trust authority over your finances if you're ever incapacitated

It's not uncommon to need some help managing day-to-day financial matters at some point in your life. For example, say you're in the hospital for a while and need help getting your bills paid. Unless you've given someone authority with a durable power of attorney for finances, a court would have to choose someone (possibly not the person you would prefer) to write checks and take other actions on your behalf.

By signing a durable power of attorney for finances, you can:

  • give someone you trust authority over your finances
  • avoid court involvement
  • make things easier for your family during a difficult time

You'll have peace of mind, knowing that if it's ever necessary, the person you've chosen can step in and handle matters for you until you're back on your feet.

Table of Contents

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