Advance Financial Directives & A POA Financial Contingency Plan

Many of your clients may need a bank rather than a family member to serve as their attorney-in-fact in a Power of Attorney situation. This representative can help to establish a contingency plan, in the event of disability or incapacity. Our Advance Financial Directives service builds a structured plan for us to assume that role should a triggering event occur. To formalize your client’s contingency plan, we utilize a POA Acceptance Agreement that outlines the terms and responsibilities for us in our role as attorney-in-fact and establishes a notice procedure so we can promptly assume handling the financial affairs of the principal. This service is particularly valuable to the family that does not have the net worth to justify the creation of a revocable living trust or is just hesitant to change ownership of personal assets to a trust.