Maine Durable Power of Attorney (Financial)

Last Updated: 5/20/2015

Document Description

Thinking about the future may seem a bit presumptuous, but having a plan is wise. You spend a lifetime building yourself financially, so why not take the proper measures to protect all you have built? Some people work hard so their kids can live comfortably. You can make sure your family reaps the benefits of your hard work with the Maine Financial Power of Attorney.

The Maine Financial Power of Attorney is used when you are no longer able to make decisions for yourself because you are seriously injured, fatally ill or in a vegetative state.This document allows you to name a specific person as an agent who will manage and supervise the financial responsibilities you list. An agent can be a single person or a company. Feel free to take the time to measure out all of your options before choosing an agent. This is an important step because the agent will have numerous responsibilities that can be of great authority and importance.

After choosing this specific person or business to act as your financial agent, you will choose the powers he or she will have. These responsibilities range from providing gifts to family, friends, and loved ones to paying bills. Some other powers include paying taxes, investing or delegating specific authorities to others whom he or she deems appropriate. Once you have taken time to choose the duties of the agent, you can add your special instructions for the document. These instructions can offer specific details about the powers or any other important information.

You want to create this form while in a sane and mentally sound state. After doing so, add it to your ezEstatePlanner Vault for safe keeping with all of your other estate planning documents. You and the loved ones you choose will be able to access your documents at any time.




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