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.
Recently, you may have seen the commercials with Josh Mandel, Treasurer of Ohio, and Ohio State University football coach, Urban Meyer, advertising that a person with a disability can save for their independence and financial security by creating a STABLE account. STABLE, which stands for State Treasury Achieving a Better Life Experience, is an account.