Financial Power of Attorney

A document that authorizes an agent, also referred to as an attorney-in-factA person also referred to as an “agent” that is appointed by a Power of Attorney document to handle financial affairs for another person while that person is alive., to conduct financial matters on one’s behalf. A power of attorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. ceases to be valid upon the incapacity of a person unless it is a Durable Power of AttorneyA Financial Power of Attorney that does not terminate if the person making the power of attorney becomes incapacitated.. A power of attorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. terminates at the death of the person who created it.