What is a Power of Attorney for Finance?

A Power of Attorney for Finance is a legal document delegating authority to make financial decisions from one person to another. What authority is granted depends on the specific language of the Power of Attorney.

There are generally two types of durable powers of attorney: a "present" durable power of attorney in which the power is immediately transferred to your attorney in fact; and a "springing" or future durable power of attorney that only comes into effect upon your subsequent disability as determined by your doctor.

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