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Simple English definitions for legal terms

durable power of attorney for finances

Read a random definition: Automated Bond System

A quick definition of durable power of attorney for finances:

A durable power of attorney for finances is a legal paper that lets someone else handle your money if you can't do it yourself. This person is called an agent or attorney-in-fact. You might sign this paper if you get sick or hurt and can't take care of your money anymore. You might also sign it if you want to share your money with someone else for safety. For example, a mom might sign it so she can share her money with her daughter after her husband dies.

A more thorough explanation:

A durable power of attorney for finances is a legal document that allows someone to manage another person's financial affairs. The person who is given this authority is called an agent or attorney-in-fact. This document is often used to protect an individual's finances if they become incapacitated or unable to manage their own finances.

One example of a durable power of attorney for finances is when a person wants to share their finances with another person for financial security. For instance, a widow may sign a durable power of attorney for finances to share a household and finances with her daughter after her husband dies.

Another example is when an individual becomes incapacitated due to an illness or injury. In this case, the durable power of attorney for finances allows the agent to manage the individual's finances on their behalf.

These examples illustrate how a durable power of attorney for finances can be used to protect an individual's financial interests and ensure that their finances are managed properly, even if they are unable to do so themselves.

durable power of attorney | durable power of attorney for health care

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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