When to use Power of Attorney
Nobody knows what the future will hold. As a result, it is important to be prepared for a few major risks. Failure to anticipate “the worst” will compromise your ability to ensure that your wishes are respected and similarly compromise your ability to provide for your family in the event that you are incapacitated as a result of serious injury or sudden illness. So, how do you prepare for the possibility that you could be involved in a major accident or become critically ill at virtually any time? One of the ways that you can protect your own interests and the interests of your family involves designating a power of attorney.
A power of attorney, also known as a durable power of attorney or financial power of attorney, is a trusted loved one, colleague or paid professional entrusted with the authority to manage your financial affairs and/or business needs in the event that you become incapacitated. If you so choose, you can extend this authority to be placed into effect if you leave the country for a specific period of time or otherwise need someone to serve in this role. A general, financial or durable power of attorney is contrasted with a medical power of attorney, who is entrusted to make medical decisions on your behalf in the event that you become incapacitated by illness or injury.
If you would like to name an agent who will be legally empowered to serve as your power of attorney and will be able to make financial decisions on your behalf under certain circumstances, you can use this power of attorney form to accomplish that goal. It is a straightforward, efficient and effective form that becomes enforceable as soon as it is completed, signed by witnesses and confirmed by a notary public.
Durable Power of Attorney
Financial Power of Attorney
Power of Attorney Designation Form
Power of Attorney Designation Confirmation