How can a power of attorney potentially prevent a guardianship proceeding?

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Video Transcript

A durable power of attorney is a document that gives somebody else the legal right to handle your affairs for you. It’s intended to be used when you’re unable to handle your affairs for yourself. If you become incapacitated, it can help avoid a guardianship proceeding because your agent under the power of attorney can act immediately for you under that document without you having to do go to court to ask for permission to handle your affairs. This is a very cost-effective way to handle this.

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