Durable POA

Planning for Life’s Unexpected Turns

When we are young and fearless, not yet feeling our own mortality, we do very little planning ahead. However, as we grow older and take on greater responsibilities, we begin to address the future differently. We may use that new foresight to develop a retirement plan for when we leave the workforce and create wills to provide for our loved ones when we are gone. What we often fail to prepare for are circumstances, whether due to an accident, illness, or mental decline, which interfere with our ability to make reasonable decisions and meet our daily needs. Anticipating that kind of a challenge requires only a few documents appointing someone you trust to make decisions on your behalf, and you are rarely too young to start.  
 
Power of Attorney (POA):   
 
A POA names an “agent” who can act as your financial and legal representative. There are three main forms of POAs, though their names and how they’re constructed may  differ from state to state.
 
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