Many people are unsure about the relationship between a will and a durable power of attorney for finances. However, as you’ll see in this text, the situation is not so much “will vs. power of attorney for finances”, but “will and power of attorney for finances”. You don’t have to choose between these two documents. […]
read moreA durable power of attorney for finances is a document naming the powers that are to be granted to a person called the agent. The person who grants the powers is called the principal. We have already covered the basics you need to know about financial POA and the procedure of getting out the POA. […]
read moreRevoking a power of attorney document is a relatively straightforward process, but it should be carried out carefully so that the revocation cannot be challenged. Any type of power of attorney can be revoked – general, durable or springing. The best case scenario is that the principal, i.e. the person who authorized the attorney-in-fact to […]
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