People aim for high-paying jobs to earn as much as they can until they retire. They put through with sacrifices and, sometimes unnecessary hassle, to gain every buck. Thus, it is just right for each person to have a proper plan in handling their finances, both for short-term and long term. An example of a long-term plan for securing your finances is by preparing a durable financial power of attorney form early on. Read More
In general, a power of attorney is a legal document that grants a representative the powers of attorney over specified or all financial or legal matters. A durable financial power of attorney form, in particular, focuses on managing the financial matters of an individual. The form contains the extent of the power granted to the chosen attorney-in-fact. It covers everything from managing existing bank accounts, insurance, and retirement plans. This form comes in handy when you are no longer capable of making such critical decisions.