A “Durable” power of attorney is a form that when signed, gives the powers of the principal to the agent. It can be broad or narrow, depending on the wishes of the principal of the power of attorney.
What are the uses for a power of attorney?
a. A power of attorney is intended to be an alternative to a conservatorship.
b. You may also use a power of attorney to allow someone to act for you while you are traveling . This is generally referred to as a special power of attorney. Special Power of attorney forms usually have a duration attached to them.
c. A power of attorney is meant to allow someone you trust to access your bank accounts and to electronically monitor those accounts.
d. Sometimes, people think that a power of attorney can prevent financial elder abuse. We disagree with this.
Call Mina Sirkin, Attorney about uses of a power of attorney, at 818.340.4479 or Info@sirkinlaw.com