What is the Purpose of a Financial Power of Attorney?

A person calculating finances with a calculator and laptop on a desk indoors.

Most people are familiar with a last will and testament, which ensures that your wishes are carried out when you pass. But estate planning can and should also protect you and your family if you become incapacitated. A financial power of attorney, often called a POA, is one of the most important and useful documents you can have in place.

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