Durable Power of Attorney for Finances

A durable power of attorney for finances—or financial power of attorney—is a simple, inexpensive, and reliable way to arrange for someone to manage your finances if you become incapacitated and unable to make decisions for yourself.

The financial power of attorney is not only a wise step for your own peace of mind but can also be a tremendous blessing for your family. If you become unable to decide for yourself and you haven’t established a durable power of attorney, you’re likely to face the inevitability of a court proceeding. However, such court proceedings often don’t offer immediate decisions, which are essential when dealing with time-sensitive financial matters. Prior planning regarding the ability to control your finances will save your loved ones time, money, and heartache.