Grandmother Smith is concerned about having an incapacitating illness that will prevent her from managing her finances.Grandmother Smith should execute a(n):

Question

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A durable power of attorney allows Grandmother Smith to designate someone to manage her finances in the event she becomes incapacitated. This is the best choice for her concerns. A power of attorney is not specific to incapacitation, an advance directive is for medical decisions, and an agency proxy is not a recognized legal document.

Grandmother Smith Is Concerned About Having an Incapacitating Illness That