Will Having a Durable Power of Attorney Prevent the Need for a Conservatorship?

The use and creation of a power of attorney can definitely bypass need for a conservatorship. The point of a power of attorney, which can be very broad, or which can be very limited, can give extraordinary powers to the agent, whether you be as a child, or brother, or a family member. The

[inaudible 00:00:24] power of attorney allows the agent to conduct financial affairs, to file tax returns, to deal with banks, to deal with IRAs and also to create trusts, which would be beneficial to the agent as well as the parent who would be the principal.