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FINANCIAL POWERS OF ATTORNEY

Durable Financial Power of Attorney: How it Works

A durable power of attorney for finances -- or financial power of attorney -- is a simple, inexpensive, and reliable way to arrange for someone to handle your finances if you become unable to do so yourself. It's also a wonderful thing to do for your family members. If you do become incapacitated, the durable power of attorney will likely appear as a minor miracle to those close to you.

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durable power of attorney for finances

A legal document that gives someone authority to manage your financial affairs if you become incapacitated. The person you name to represent you is usually called your agent or attorney-in-fact.

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Was it legal to use my mother-in-law's credit card?

My mother-in-law made a power of attorney to give me the authority to handle her finances. I used one of her Visa cards to buy something for myself. I am paying the bill, but she thinks I should be charged in a criminal court. Since I had a power of attorney, wasn't this legal to do?

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