Avoiding Serious Financial Problems With A Durable Power Of Attorney Form

A durable power of attorney form will authorize someone else to carry out specific tasks on your behalf, even if you become incapacitated. These tasks can include the power to buy, sell, borrow, sign checks, access bank accounts, sign tax returns, bring law suits on your behalf, carry out medical directives when incapacitated, etc. Right now you're probably thinking, why would I need a durable power of attorney form? Maybe if I was in poor health, but I don't see the importance of it elsewhere. Let me tell you right now it's very important, here’s a story about parents getting hit with their daughters loan payments. John DeStefano and his wife added their daughter to their bank accounts. Their savings of $77,362 dollars was wiped out when their Pennsylvania bank us View the rest of this article