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Property or Financial Powers of Attorney

Prudent estate planning or a source of liability?

Property or financial powers of attorney (POAs) are ubiquitous in estate planning and with very good reason. The likelihood of becoming incapacitated prior to death is significantly greater than the risk of dying at any particular time.1 Therefore, the actuarial odds are that the property or financial POA will be needed before other estate-planning documents are required.

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