Power of Attorney – Financial

A Financial Power of Attorney allows a designated person to complete transactions and maintain your financial responsibilities while you are unable to do so.  Financial Power of Attorney documents can be created to be temporary or permanent, allowing your financial matters to be tended to during emergency situations or as a long term solution if you become unable to make financial decisions.

Do I need a Financial POA?

If you have financial responsibilities, then we recommend having a Financial Power of Attorney in place.  Should you become unable to complete your own financial transactions; a designee can do routine financial tasks such as:

• Pay rent or mortgage(s),
• Pay utility and service bills,
• Handle routine transactions (weekly, monthly, annually, etc),
• Pay medical expenses,
• File taxes,
• Disburse funds as you typically would, and
• Deposit incoming funds.

Without a Financial Power of Attorney, the court may need to appoint a guardian or conservator which can be a lengthy and expensive process and the appointee may not know your exact wishes.

Create a seamless transition.

Setting up a financial power of attorney now offers a seamless transition of financial decision making from yourself to your designee, should the need arise.  We can tailor the Power of Attorney to your specific needs, offering clear decisions for the designee to follow.  You can rest easy knowing your affairs will be taken care of and the designee can execute your decisions knowing they are proceeding as you would.

We can set-up a clear plan.

Schedule an appointment online or call (703) 972-5640 to learn how we can help you with your Financial Power of Attorney and other estate planning needs.  We are well versed in the complexities of these documents and can help you set up a thorough plan for the future.  Contact us today!