FOR FINANCIAL MATTERS -

The purpose of a Durable Power of Attorney is to give another person the right to act for you in various financial situations. The Power may be limited, such as the right to represent you and sign documents in your name only for the purchase or sale of a specific piece of real estate, or it might be unlimited in which case you would give that person the right to handle any or all of your financial affairs during your lifetime.

A Durable Power of Attorney is especially important in Estate Planning for it gives the person you have chosen the authority to handle your financial matters, not only in good times during your lifetime, but also for your benefit if you should become disabled, incapacitated or incompetent due to illness. The appointment of an agent under a Power of Attorney while you are in good health might very well avoid the need of a Court appointed Guardian should you later suffer from a catastrophic illness or period of incompetence.