Why would I want a Durable Power of Attorney, Financial?

A Durable Power of Attorney for Financial matters allows you to designate an agent to manage your money and property if you become incapacitated and incapable of managing it yourself. Many people find themselves in this state in their lives, sometimes temporarily and sometimes permanently. Without having an appointed and empowered agent, the people who might strive to help you can end up in courts of law, and perhaps competing with others, to get access to your money just to pay your bills. Worse, someone might gain access to your property, legally or illegally, and either squander your money or make decisions that are not consistent with what you would have wanted.