Question

What is a durable power of attorney and why do single women especially need one?

Answer

A durable power of attorney designates a trusted person to manage your financial affairs if you become unable to do so yourself. For single women, this document is particularly important because there’s no spouse to step in automatically. Without the power of attorney, a court may need to appoint a guardian — a process that can be costly, time-consuming, and entirely out of your hands. You can work with a Mercer Advisors estate planning specialist to create this document as part of a broader estate plan.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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