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What is financial power of attorney?
Financial power of attorney is when a person signs over their power to make financial decisions to another person.
This legal action has many applications mostly used by people who are either too old to make these types of decision for themselves or people who are too sick physically or mentally.
Financial power of attorney is also used by people who do a lot of real estate transactions and can not always be present at the closing.
Financial power of attorney can be used by anyone who wants to give another party legal rights to make financial decisions on their behalf.
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