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If my spouse and I own everything jointly, might a durable power of attorney still be useful?

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If my spouse and I own everything jointly, might a durable power of attorney still be useful?

Question: If my spouse and I own everything jointly, might a durable power of attorney still be useful?

Answer: If you and your spouse own property jointly you still may need a durable power of attorney. There may be other financial matters that relate to property other than what’s held jointly with your spouse so you would need a durable power of attorney for your agent to handle those matters. In addition, upon the death of either of you if for example if your wife died first, then you are in a situation that you would want the agent to be able to handle all the financial affairs including the jointly held property.


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