Power of Attorney Property

Executing a Power of Attorney for property can be a useful tool in case of a medical emergency or disability. The purpose of the document is to allow a named individual to perform financial and property transactions for you should that person receive written notice from your attending physician that you are not currently able to perform those functions. Although this document can be more limiting than a Revocable Living Trust, it can still be useful for the short term such as in the case of an emergency.