Elysium Utah Logo

What is a Durable Financial Power of Attorney?

How does it help me?

A Durable Financial Power of Attorney is a special tool that allows someone to act on your behalf in the management of your affairs, without court involvement. You choose an “agent” or “attorney-in-fact” (not to be confused with “attorney”) who can act on your behalf. The benefit of a Durable Financial Power of Attorney, is that if you are incapacitated, out of the country, or need special help with a business matter, your agent can act for you. For example:

  • Sign a deed or title document

  • Manage IRA or 401(k) investment accounts

  • Sign beneficiary documents for you

  • Apply for governmental programs on your behalf

  • Hire attorneys and accountants that you may need

  • Assist you with lawsuits or other matters when you are incapacitated

  • Put assets in your Revocable Trust

A Durable Financial Power of Attorney works during your lifetime only and becomes invalid at the time of your death.

This agent has a high decree of authority – chose someone you trust!


Keep Learning

I want to learn some more before moving forward

I'm Ready!

Get started with your Estate Plan with Elysium Legal!

The Elysium
Wellness Check

Start your personalized Elysium experience today! Fill out our quick wellness check and we'll tell you what services are right for you!

This service is being provided by an entity that is not a traditional legal provider. This entity is owned/managed (fully or partially) by nonlawyers who are not subject to the same rules as lawyers. For more information click here
Este servicio está siendo proporcionado por una entidad que no es una Proveedor legal tradicional. Esta entidad es propiedad / administrada (total o parcialmente) por personas que no son abogados que no están sujetas a las mismas reglas que los abogados. Para obtener más información, haga clic aquí.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
Investment Advisory services offered through Lift Wealth Management, a Registered Investment Advisor. 
© 2024 Elysium Holdings Terms | Privacy Policy | Disclosures