A power of attorney is a legal document in which you name another person to act on your behalf. The person you name is called your "agent" or "attorney in fact." You can give your appointed agent broad or limited

management powers. You should choose this person carefully because he or she will generally be able to sell, invest and spend your assets.

A traditional power of attorney terminates upon your disability or death. However, a durable power of attorney will continue during incapacity to provide a safety net of financial management. A durable power of attorney

terminates upon your death.

Establishing a durable power of attorney should be part of your comprehensive estate planning.

*Source: Wells Fargo "Protecting yourself, your assets and those you care for most" article, item #1209-3514.

(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).