7404 Avenida Encinas Suite 104-336, Carlsbad, CA 92011 760.268.0807
 Power of Attorney A Power of Attorney for Management of Finances is a document which authorizes another person or company of your choice to act on your behalf in the management of your finances. You can limit it to taking care of one or more parts of your financial business, or you can extend it to all of your affairs. If you have a Living Trust, it will cover management of just those assets that have not been transferred into the Trust. The Power of Attorney for Management of Finances can last for a limited period of time or can be open-ended, so that it will continue during your lifetime - unless you decide to give notice for it to stop. It can be in effect immediately or only if you become incapacitated. This is a valuable tool if you are ill or if you are out of town, when you need another person to handle matters for you. If you do not have such an arrangement in place, there may need to be court intervention when you become incapacitated. In such a case, the court would make decisions on your behalf that might not be what you want. They will name someone to manage your finances, which is less preferable than you being able to name that person. Therefore, we suggest each person seriously consider having a Power of Attorney for Management of Finances.
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| 7404 Avenida Encinas Suite 104-336, Carlsbad, CA 92011 phone: 760.268.0807 | |||
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©
Copyright 2008 Janice M. Crowell, Atty.. All rights
reserved.
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