Durable Power of AttorneyDurable Power of Attorney for Finances A durable power of attorney gives the person you designate the authority to manage your finances if you are incapacitated or unable to do so. Banks and other institutions are reluctant to allow the person you designate to easily step in and take over for you. They often require much more than the (DPOA) document since it is their duty to protect assets and shield their institution from liability if they allow the “wrong” person to take control. Having a Trust in place will negate this problem.
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