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What are the Requirements of a Valid Durable Power of Attorney in Texas

A durable power of attorney is a document that will allow you, the principal, to appoint someone you trust (an agent) to engage in specified business, financial…

Can a Bank Reject a Valid Power of Attorney?

NB: The following post reflects old law. Effective September 1, 2017, the Estates Code requires financial institutions to accept powers of attorney unless one or more enumerated grounds…

Can An Agent Use Principal’s Money to Purchase Real Estate for Herself?

Last week, I received a note from someone who was serving as her 97 year old mother’s attorney in fact. She wanted to cash…

How Do I Manage Someone Else’s Money?

If you are serving as a financial caregiver, you likely have a lot of questions about your responsibilities. The Consumer Financial Protection Bureau recently…

Sign A Durable Power of Attorney Before It’s Too Late

I got a message recently from a woman with questions about getting a power of attorney to handle her ailing father’s financial affairs. Her…

What is the Difference Between Medical and Durable Power of Attorney?

A durable power of attorney is a written document that creates an agency relationship between the person granting authority and an agent, or attorney-in-fact, the person to…

How to Talk With Your Parents About Their Financial Affairs

Many elderly parents are uncomfortable sharing their finances with their children. An article I read recently suggested several reasons they may be wary. Some parents worry…

How Do I Revoke a Durable Power of Attorney In Texas?

A durable power of attorney is a written document that allows you to designate someone you trust to engage in specified business, financial and legal transactions…