General Durable Power of Attorney allows you to name someone as your Agent (or someone who can sign documents for you). Your Agent must act in your best interests and may handle your finances or other obligations, such as paying your bills. You may customize how much authority you want your Agent to have, and whether it is effective immediately upon your signing of the document or only in the event you become incapacitated.
Without a properly signed Durable Power of Attorney, you are legally prevented from being able to review your child’s education records.
You are traveling to visit your parents, but you are in the process of refinancing your home. Your spouse may sign the closing documents on your behalf.
Heading out of town for a second honeymoon and leaving the kids with your parents? A certain type of power of attorney may be prepared to allow your children’s caregiver to have temporary authority to make medical and financial decisions on your behalf.
Certain states have laws that require or suggest certain language be included in a Durable Power of Attorney for Finances. Banks and other financial institutions in those states will often refuse to recognize legal forms that are valid in other states if they do not include the language required in your new home state.
With age, you may find that your financial matters become more burdensome. Under a Durable Power of Attorney, you may name an agent to act on your behalf and make this easier on you.
Without a properly signed Durable Power of Attorney, you are legally prevented from being able to review your child’s education records.
