The loss of control over your finances is a scary notion. A Durable Power of Attorney is one of the best defenses, and a powerful offensive tool, to protect your assets.
A Durable Power of Attorney is a legal document wherein a trusted family member or friend may be appointed to act on your behalf should you become incapacitated. Your appointed agent, called your "attorney-in-fact," will have authority to handle banking matters, real estate transactions and more on your behalf. A validly executed Power of Attorney is an important tool which will allow you to engage in estate planning and asset protection planning even in the event you suffer a debilitating illness.