You also retain flexibility when naming someone to manage finances and related legal decisions as your Agent by filing durable financial power of attorney paperwork. This protocol specifies the individual you know and trust to oversee paying bills, accessed accounts, conducted business activities and administered elements tied to property interests if you become incapacitated.

Without this arrangement, family could endure added delays and expenses should probate court proceedings seek appointing authority over such impactful yet intimate monetary matters. Even long-standing spouses lack automatic legal standing to continue accessing marital assets absent power of attorney paperwork signed willingly ahead while still mentally sound. Avoid this potential financial quagmire by taking a few minutes in the relative calm present to name your powerful legal surrogate through these accounting accords executed with same binding legitimacy as your last will and testament.