Notarization fee additional.
There are two types of Powers of Attorney: one is for financial decisions and the other is for medical decisions.
The purpose of a Financial Power of Attorney is to assure that your financial affairs are handled by someone you trust in the event that you become incapacitated or for other reasons.
A person may become incapacitated due to an illness, accident or other mishap. A Financial Power of Attorney may also be necessary if a person wishes to leave the country or if there is an incarceration.
It is most important that the Financial Power of Attorney be prepared when the person is of ‘sound mind’. If the person for whom the Financial Power of Attorney is needed, is not of ‘sound mind’ then this document could not be prepared and a Conservatorship may be required.