Rhode Island Durable Power of Attorney (Financial)

Last Updated: 6/22/2015

Document Description

If you have ever thought about having a power of attorney, it’s probably because you hate the idea of not knowing who could be making decisions for you in an emergency.

Having a durable power of attorney for finances can give you peace of mind knowing you chose in advance who will be allowed to make financial decisions on your behalf. This person, called an agent, can have broad powers, allowing him or her to take care of all of your property and financial affairs, or powers limited to managing routine transactions such as paying bills. You are in full control.

Our Rhode Island Financial Power of Attorney can be customized to reflect your wishes. It abides by Rhode Island laws and contains all necessary legal clauses. Once finalized, the financial power of attorney becomes a legal document.

Like other estate planning documents, you have the right to make changes to, or revoke, your financial power of attorney. As long as you can still speak for yourself and are of sound mind, you have full power to alter your document. It’s a good idea to review all of your documents every so often to make sure they are updated and reflect your current circumstances.

You can keep all of your important legal documents safe thanks to the ezEstatePlanner Vault, a secure and easy-to-use service. You may access your documents in the ezEstatePlanner Vault at any time - all you need is Internet access. For added convenience, you may also allow your agent to access your vault so that your financial power of attorney is available when needed.

To learn more about the importance of estate planning, please see our article “The Beginner’s Guide to Estate Planning,” which outlines all you need to know to properly protect yourself and your loved ones. By making good decisions today, you can live a better tomorrow.

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