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Durable Financial Power of Attorney
A financial power of attorney is a document that allows you to appoint someone to handle your financial affairs.
This document grants powers or authorities to this someone (also known as your agent).
In determining who you would want to be your agent, you will want to choose someone you completely trust to handle your financial affairs.
This is someone who will act in the same manner as you would if you were handling your financial affairs yourself.
The word "durable" in the context of this document means that the document continues to be legally valid even if you become incapable or unable to handle your finances.
We have found that many people are afraid to put a financial power of attorney document in place because they are fearful that their named power of attorney (agent) will use their powers
or authorities immediately to take advantage of the person naming them.
While making the document effective immediately would grant immediate ability to use the document, it is important to note that this document can be made effective immediately
OR only upon your incapacitation and the statement of two physicians who verify your incapacity.
It is also important to name one or two back-up agents in case the first person you name is not available or is unable to act as your agent.
In order for your financial power of attorney document to be valid in Arizona it must be witnessed by someone not related to you and notarized by a Notary Public.
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ALTCS Planning.net is not affiliated with AHCCCS / ALTCS / VA.
ALTCS Planning.net is a private consulting firm.
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The information on this website is provided "as is" for general information purposes only. The content of this website may not be comprehensive, up-to-date, or applicable in all jursdictions. The content may not reflect the views of Montgomery & Associates, Inc.
(DBA: ALTCS Planning.net) and Montgomery & Associates, Inc. (DBA: ALTCS Planning.net) makes no warranty of any kind, whether express or implied, with respect to any information provided on this website. Montgomery & Associates, Inc. (DBA: ALTCS Planning.net) assumes no liability for any errors or omissions in the content on this website and the information provided is not to be construed as legal advice. The information is intended to provide a general, factual overview of legal documents and planning options available. For legal matters you should always seek counsel of a qualified attorney licensed in your jurisdiction. Use of any information on this website is at your own risk.
**IMPORTANT NOTICE**
Our CLDP, Carol Aragon-Montgomery, prepares legal documents.OUR CLDP IS NOT AN ATTORNEY AT LAW AND IS NOT EMPLOYED BY ATTORNEYS AT LAW AND CANNOT GIVE LEGAL ADVICE.Your communications with our CLDP are kept CONFIDENTIAL by our CLDP, but since our CLDP is not an attorney at law, such communications are NOT PRIVILEGED (i.e., immune from Subpoena). Our CLDP can give you general factual information pertaining to legal rights, procedures, or options available to you in a legal matter when you are not represented by an attorney.Our CLDP cannot give you specific legal advice, opinions, or recommendations about your legal rights, remedies, defenses, options, or strategies. Please note that the Long Term Care Planning Services are of a financial planning nature and are not specific "legal" advice. Prices subject to change without notice.