Definition
Programs that provide assistance for people who want to officially authorize another individual (and one or more alternates) to handle important matters such as bill paying, contracts, investments, taxes, estate planning or a business in the event that the individual becomes incapacitated. There are two kinds of power of attorney: a power of attorney which takes effect immediately upon signing, and a springing power of attorney which does not take effect unless and until the individual becomes incapable of handling his or her own affairs (and expires if the person regains capacity.)
URL Name
FT-2700-1700
Third Level Code
FT-2700
Taxonomy Code
FT-2700.1700
Parent Code
FT-2700
Family Code
F
Second Level Code
FT
Fourth Level Code
FT-2700-1700
Use References
Durable Financial Power of Attorney, Durable Power of Attorney for Finances
Publication Status
Online