Yes, you can use a proxy for financial decisions! Just make sure it’s clear in the document what powers you're granting related to finances.
If you don’t specify, it can lead to confusion! Generally, it's a good idea to clearly state your intentions, but in some cases, a default may apply based on the situation.
If it’s a revocable proxy, absolutely! You can revoke it whenever you decide to. Just make sure to notify the person you appointed and anyone else who needs to know.
Creating a proxy usually involves drafting a simple document that outlines who you are appointing, what powers you're giving them, and signing it. Make sure it meets local requirements!
You might want to use a proxy when you can't be present for important decisions, like voting at a meeting or managing your affairs during a long absence.
An irrevocable proxy is more set in stone. Once you give it, you can’t just change your mind; it stays in effect until a specific condition is met or the person you've appointed does what you intended.
A revocable proxy is a document that allows someone to act on your behalf in certain matters, like voting or making decisions, which you can change or cancel anytime.
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