What is a Financial Power of Attorney?
A Financial Power of Attorney gives the person you name full authority to act on your behalf in all financial matters.
A financial power of attorney may:
- withdraw money from your bank accounts,
- write checks on your behalf,
- buy and sell property
- sign legal documents,
- apply for benefits for you,
- transfer your assets,
- make gifts
- additional financial transactions not listed.
How do I declare a Financial Power of Attorney?
You need an Attorney to assist you in completing a Financial Power of Attorney.
** USE CAUTION WHEN GIVING SOMEONE AUTHORITY OVER YOUR FINANCES*
The crime of Financial Exploitation is often committed by trusted family members, caregivers or friends.