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Special Durable Power of Attorney for Bank Account Matters Utah Form

Special Durable Power of Attorney for Bank Account Matters Utah Form

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alan spector here and every tuesday and thursday at this time we uh rock with tom olsen it's olson on law good morning tom la listeners our topic this morning the importance of having a good durable financial power of attorney so tom we're all familiar with the power of attorney but what is a durable power of attorney an ordinary power of attorney is automatically revoked if somebody passes away it's automatically revoked if somebody becomes incompetent like with alzheimer's a durable power of attorneys is also revoked when somebody passes away but a durable power of attorney stays in effect when somebody becomes incompetent that's a durable aspect to a durable power of attorney okay now what about a financial poa power of attorney what's the purpose of someone having that so there's two types of powers of attorney one is for health care and the other one is for financial to allow somebody to manage somebody's bank account

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