Durable Powers of Attorney: Considering the Financial Institution’s Perspective
Probate and Property, November/December 2003, Volume 17, Number 6
By Daniel A. Wentworth
Daniel A. Wentworth is Senior Legal Counsel with Fidelity Investments in Boston, Massachusetts.
Durable powers of attorney have become an integral part of personal estate planning. Many estate plans executed today include a durable power of attorney that permits an authorized attorney-in-fact to act on behalf of an individual in handling personal, financial, and legal affairs even after the individual is unable to do so because of legal incapacity.