What to include in a power of attorney

June 6, 2008

I've decided to give my daughter financial power of attorney so she can handle my affairs if that ever becomes necessary, but how much power should I give her?

I've decided to give my daughter financial power of attorney so she can handle my affairs if that ever becomes necessary, but how much power should I give her?

Whatever amount makes you most comfortable. Many people simply give the broad power to perform any financial duties that become necessary, but if you'd like to limit the power you can provide a specific list of duties. Some key ones to consider: