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A Power of Attorney for Financial Matters is most often used to support a Revocable Living Trust or a Will.

A Power of Attorney for Financial Matters allows you to name someone to manage your financial affairs when you are unable to manage them on your own.

Durability

Durable Powers of Attorney for Financial Matters are effective when you are mentally or physically incapable of managing them on your own.  Most people have their Durable Power of Attorney for Financial Matters become effective only upon their disability.  When they are able to manage their financial affairs on their own the document has no effect.

Uses

Powers of Attorney for financial matters are most often used to transfer assets to a Revocable Living Trust after a person has lost the ability to manage their own affairs, but have not yet died.  This can help you avoid probating these assets.

Cost

A Power of Attorney for Financial Matters is a vital part of a complete estate plan.  It is included in every estate plan we write and are included in the total cost of the estate plan.