Durable Power of Attorney

A durable power of attorney allows you to appoint someone to manage your money and other assets in the event you become incapacitated. Without one a court may revoke your right to manage your own affairs and select its own guardian. A durable power of attorney should not be confused with a power of attorney, in that a power of attorney expires if you become incapacitated where as a durable power of attorney would continue to operate.

Inheritance Network recommends that you execute a new durable power of attorney every three to five years, to show your current intentions. This way financial institutions and insurance companies will be more likely to honor the document. Inheritance Network also recommends that you ask your attorney whether you should have your financial institutions and insurance companies confirm that they will accept your durable power of attorney. Please have our Network contact you to lean more about preparing your durable power of attorney.

As with all other estate planning documents, Inheritance Network strongly recommends that you get professional assistance in preparing a durable power of attorney and review your durable power of attorney while you are reviewing your other estate planning documents. Please have our Network contact you to lean more about preparing your durable power of attorney.

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