power of attorney

Financial Power of Attorney Services in Rochester – Protect Your Future

Life is full of unexpected events, and in moments of crisis, your loved ones shouldn’t be left uncertain about your wishes. A Financial Power of Attorney gives you peace of mind knowing that someone you trust is ready to step in and make important decisions on your behalf.

At Rodney D. Anderson Law Offices, LLC, we’re here to help you plan for the unexpected with confidence and care.

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Rochester Power of Attorney

What Is a Financial Power of Attorney?

A Financial Power of Attorney (POA) is a legal document that allows you (the principal) to appoint another person (the agent or attorney-in-fact) to make decisions on your behalf, including paying bills or handling investments if you become incapacitated.

POAs are essential tools in estate planning, as they ensure that someone you trust can step in to make crucial decisions if you are unable to do so yourself. You can determine the scope of their responsibilities.  An agent appointed under a Power of Attorney has a legal duty to act in your best interests.

Types of Financial Power of Attorney

There are several types of Financial Power of Attorney that serve different purposes:

  • Springing Power of Attorney: Takes effect upon a specific event, like your incapacitation. For instance, if you are involved in an accident and unable to communicate, a springing POA ensures that a designated agent steps in to manage your financial affairs.
  • Durable Power of Attorney: This POA remains in effect even if you become incapacitated, providing long-term protection and management for your affairs.
  • Limited Power of Attorney: This POA grants your agent authority over specific tasks or for a limited period, such as managing a real estate sale or handling financial affairs.

Benefits of Establishing a Financial Power of Attorney

Establishing a Financial Power of Attorney (POA) provides several key benefits:

  • Incapacity Protection: If you become unable to manage your affairs due to illness or injury, a POA ensures that someone you trust can make financial decisions on your behalf.
  • Avoid Court Intervention: A POA allows you to appoint an agent in advance, avoiding the need for court-appointed conservator.
  • Peace of Mind: Knowing that a trusted individual is legally empowered to handle your affairs provides reassurance for both you and your family.

How We Help

At Rodney D. Anderson Law Offices, LLC, we offer personalized legal guidance to help you establish a Power of Attorney (POA) tailored to your needs. We assist in:

  • Choosing the Right Agent: We help you select a trusted person to manage your financial decisions.
  • Custom Drafting: We create POA documents specific to your circumstances, ensuring your wishes are clearly outlined.
  • Ongoing Support: We provide long-term advice, helping you update or modify your POA as your situation changes.

To ensure a Financial Power of Attorney is legally valid in Minnesota, it must be dated, signed, notarized and created pursuant to law. At Rodney D. Anderson Law Offices, LLC, we can assist clients with physical limitations or those who need flexible signing options, including house calls. Our goal is to ensure your affairs are managed smoothly and responsibly.

Why Choose Rodney D. Anderson Law Offices, LLC?

With over 30 years of experience, Rodney D. Anderson Law Offices, LLC is dedicated to providing personalized legal services for establishing Powers of Attorney. We take the time to understand your unique needs and help you choose the right agent to manage your affairs. 

Offering flexible appointments, including evening hours, Zoom consultations, and house calls, we make the process convenient for you. Our commitment is to give you peace of mind knowing that your future is in trusted hands.

Frequently Asked Questions About Power of Attorney

Yes, you can revoke your Financial Power of Attorney by a written instrument signed or marked by the principal, acknowledged before a notary public.
Revocation of a Financial Power of Attorney is only effective if a party has received actual notice of the revocation.

Choose someone you trust to act in your best interests, such as a family member, close friend, or professional. Ensure they are reliable, responsible, and capable of handling important decisions.

Without a Financial POA, the court may appoint a guardian or conservator to manage your affairs, which could lead to delays and less control over who handles your decisions.

No, your Financial POA terminates at the death of the principal.

Protect Your Future with a Power of Attorney


Ensure your financial decisions are in trusted hands by establishing a Financial Power of Attorney today. At Rodney D. Anderson Law Offices, LLC, we offer personalized guidance to help you create the right Financial POA for your needs. Whether you’re planning for the future or facing immediate decisions, our team is here to help.

Protect your legacy with Rodney D. Anderson Law Offices. Our experienced estate planning attorneys in Rochester, MN, will create a personalized plan to ensure your assets are distributed as you wish.

phone

(507) 288-3156

address

206 South Broadway, Suite 404
Rochester, MN 55904

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