Does Bankruptcy Disqualify a Power of Attorney?

Not technically. The durable power of attorney law says nothing about the qualifications of the person appointed (the agent or attorney in fact). On the other hand, when naming a power of attorney, you will want to be sure they are financially responsible. After all, they will be making critical decisions that affect your bank accounts, investments, property, and more. Poor financial management can seriously affect your living arrangements, daily expenses, and lifestyle.

Learn more about durable powers of attorney. To create or amend a power of attorney, contact an attorney near you.