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Do I wait until Im sick or unable to manage my finances before my power of attorney is in effect?

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Do I wait until Im sick or unable to manage my finances before my power of attorney is in effect?

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A financial power of attorney is a very powerful document. It gives access to all your finances. There are two types springing (becomes effective only after you become ill or incapacitated) and immediate (becomes effective when you sign it). You will probably want to be involved as long and as much as you can.

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