Financial Power Of Attorney

What is power of attorney?

alright well little old Maybelle blue hair just can't think straight anymore

at least when it comes to managing her considerable volumes of money husband [kitchen oven on fire]

number four was loaded and had a weak heart and well he ate one too many [tombstone and grave]

cheeseburgers Maybelle trusts her grand nephew

Beauregard to make trades on her behalf and has given him trading authorization

to manage her account that is he can make trades without pre-clearing each [Maybelle carries brownie trays]

one with her his status is analogous to having power of attorney in doing

various legal and financial things in life like you might sign over power of

attorney to your legalese proficient uncle to handle negotiating the terms of

your juggling contract because well with your busy schedule you need some help [hand signing power of attorney papers]

keeping all your you know balls in the air and you have the option between

granting general or limited power of attorney like if you want your uncle to

handle all of your finances general POA makes sense but if you only want him to

handle your contracts like in a specific narrow area like at this brokerage

account only with equities or dead or something like that well then a limited

POA would be more appropriate so ya trading Authority is the Wall Street

e-version of power of attorney you might really want to put a few grand into the

stock market but as far as you know the stock market is just a market where they

keep produce you know stocked so you turn over authority to make the actual [Maybelle at the food market]

decisions and perform the actual trades to someone you trust to you know more [Maybelle brings food bag home]

efficiently handle your money because if everything's left up to little old miss

blue hair her entire life savings could end up invested in sweaters for cats Inc [Maybelle dresses her cat in a sweater]