WHY IS A DURABLE POWER OF ATTORNEY IMPORTANT?
A durable power of attorney for property management is a legal document that provides instructions on how to handle limited financial transactions and to deal with assets if you become incapacitated. By doing this, you designate an agent or attorney-in-fact to make financial decisions and manage your assets on your behalf if you become unable to do so. In addition, this legal document with an Advanced Health Care Directive can contain your wishes concerning such matters as life-sustaining treatment and other health care issues and instructions concerning organ donation, disposition of remains and your funeral. If you have not made any such arrangements in advance and you become unable to make sound decisions or care for yourself, a court could appoint a court-supervised conservator to manage your affairs and be responsible for your care. The court’s supervision of the conservator may provide you with some added safeguards. However, conservatorships can also be more cumbersome, expensiv
