Financial Power of Attorney – This is a legal document executed by one individual (the principal) to appoint and authorize another individual (the agent) to make financial and business decisions and engage in such transactions on behalf of the principal that legally bind the principal. Not all powers of attorney are the same. The law.
It’s become more and more common now to see clients come in with probate cases that need to be dealt with in multiple states. Many seniors today are “snow birds,” meaning they spend their winters in states with warmer climates while keeping their actual residency in the state they’ve spent most of their lives in..