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Statutory Durable Power of Attorney: Effective Immediately or Only Upon Incapacity?

A statutory durable power of attorney enables you to appoint an agent to manage your finances in the event you are unable to do so, and is an essential piece of the estate planning puzzle for virtually every adult. Having a POA in place greatly reduces the likelihood of a court having to appoint a guardian to manage your estate for you, a much more expensive and cumbersome option.

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