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Wills & Trusts

Power of Attorney For Property

Provides extensive powers to the person or organization you appoint as your agent. These powers usually include: Real estate transactions; Financial institution transactions; Stock and bond transactions; Tangible personal property transactions; Safe deposit box transactions; Insurance and annuity transactions; Retirement plan transactions; Social Security; Employment and Military Service Benefits; Tax matters; Claims and litigation; Commodity and option transactions; Business operations; Borrowing transactions; Estate transactions; and any other property powers and transactions. Additional powers can also be added. A power of attorney is usually used to allow your agent to handle all of your affairs during a period of time when you are unable to do so. For example, you may need a Power of Attorney when you are traveling out of the state or country or when you are physically or mentally unable to handle your affairs. A power of attorney is frequently included as part of an estate plan to make sure that you have covered the possibility that you might need someone to handle your financial affairs if you are unable to do so.