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

A) power of attorney.
B) advance directive.
C) agency proxy.
D) durable power of attorney.

Question

Jonathan Paniagua · Accepted Answer

Final Answer : D, Explanation :  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 will prevent her from managing her finances.Grandmother Smith should execute a(n) :

A) power of attorney.
B) advance directive.
C) agency proxy.
D) durable power of attorney.

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Learning Objectives

Learning Objectives

Related questions

Grandmother Smith is concerned about having an incapacitating illness that will prevent her from managing her finances.Grandmother Smith should execute a(n) :A) power of attorney.B) advance directive.C) agency proxy.D) durable power of attorney.

Definitions

Learning Objectives

Learning Objectives

Related questions

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

A) power of attorney.
B) advance directive.
C) agency proxy.
D) durable power of attorney.