A major illness or a car accident can leave you incapacitated to the point where you cannot carry on your daily affairs. If someone is disabled to the point where they cannot manage their financial affairs, someone else can be granted the power to make financial decisions for that individual. A person appointed Power of Attorney over another person has the right to manage that incapacitated individual’s financial affairs. This article provides a brief overview about what being appointed Power of Attorney really means and how it works. This way you are ready if you ever decide to appoint someone to oversee your financial affairs.
