Your designated agent's ability to handle your affairs is dependent on the quality of your power of attorney. A power of attorney that does not reflect the manner or method you transact your affairs can become an insurmountable burden to your agent.
Today, we conduct much of our business electronically. Our digital footprint includes financial accounts, email, social media accounts, websites, and the devices used to access that digital information, such as computers, tablets, cell phones, and external drives. Today's durable power of attorney must specifically address digital assets for the agent to access digital accounts and records.
What about business operations? If you run a business, operations and commitments continue during your incapacity. A power of attorney should address business and personal matters separately. A financial power of attorney that does not empower an agent to pay employees and independent contractors, settle accounts, pay utilities, order supplies, hire and terminate employees, and pay taxes can lead to financial collapse. That's quite a price to pay to save a few dollars on such an important legal document.
Get the most comprehensive durable power of attorney available from NUPP Legal. You can then customize it in your word processor, removing or adding what you wish.