Extension Office: MSU Extension Suggests a Financial Power of Attorney
November 10, 2021
What if you were in an accident and were in intensive care for several weeks? What if you got COVID-19 and spent time in the hospital? Who would manage your finances while you were getting well? Who would protect the assets you have worked so hard to accumulate? A financial Power of Attorney (POA) is a legal tool that could help, said Kaleena Miller, MSU Madison-Jefferson Extension Agent. Montanans Marge and Jack have each executed a POA and have shared their reasons for doing so.
Marge, age 79, is aware she becomes stressed when faced with financial decisions. She wants her daughter, Kim,...