Financial Power of Attorney (POA)

A financial power of attorney (POA) is a document used by a person (the Principal) to give authority to another person or company (the Agent) to make decisions and transact business on their behalf.

The POA can be written so that a.) It becomes effective immediately; or b.) It does not become effective until the person loses the ability to manage his/her own financial affairs.

Under a POA arrangement, our clients can decide how much control they wish to maintain over the finances.  We customize our services to meet the needs of each client and their situation.

For future estate planning needs- Benefit Payee Services, Inc. can be named as a primary, back-up, or successor POA. 

Financial POA Services may include:

• Organization of mail & paperwork
• Set up filing system for bills and important paperwork
• Bill paying
• Reconciling bank statements
• Budgeting
• Make bank deposits
• Create an inventory of assets and investments
• Medical claims assistance
• Management and protection of real property
• Assistance with liquidating or consolidating assets
• Review and reconcile credit card statements
• Coordination and management of other outside services
• Negotiate with creditors to reduce debt when possible
• Track income and expenses for tax deduction reporting
• Provide user-friendly financial reports to client and their families
• Assistance with organizing information for tax return preparation
• Interface with other professionals including your CPA, financial advisor and attorney
• Capture all important personal information (financial, insurance, credit cards, investments) and ensure this data is readily available when needed
• Referrals to other service providers and professionals when needed
• Review and analyze credit report