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Durable Power Of Attorney For Finances

Do I Need A Lawyer To Prepare A Durable Power-Of-Attorney For Finances?

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No -- but if you don't use a lawyer to prepare your Durable Power-of-Attorney, it is advisable to at least have one review it before you sign it.

You can purchase standardized forms in office supply shops or over the internet. Be sure it is prepared for the state in which you reside.

An attorney can make certain that your power of attorney accomplishes what you want it to and help head off challenges. An attorney can:

  • Make sure your document meets your state's requirements.
  • Make sure the powers you want to give your attorney-in-fact are covered in the document in language that is legally effective.
  • Assure that powers you do not want to give your attorney-in-fact are not given to that person by the document.
  • See if any additional powers should be spelled out.
  • Testify about your mental competency if the document is challenged.

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