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Durable Limited Power of Attorney for Finance and Property

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A Durable Limited Power of Attorney for Finance and Property allows you to appoint an agent who will manage a specific element of your legal, financial or property affairs on your behalf. The agent’s authority will commence on the signing of the power of attorney or when you become incapacitated. This authority will come to an end when you revoke the agent’s authority, when you die or on the expiration of any specific time frame set out in the power of attorney document. It will not be adversely affected by your incapacity. If you fail to make a durable limited power of attorney for finance and property, your family may be left helpless to lawfully deal with your assets if you become incapacitated. In that situation, they would need to petition the court to appoint a conservator or guardian on your behalf with lawful authority to manage your affairs. This may not be a family member. This Durable Limited Power of Attorney for Finance and Property is a downloadable form. It comes complete with guidance instructions on how to fill in the form.

 


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