California Financial Power of Attorney
The financial power of attorney in California is a written instrument in which one person designates another person or agent to act on behalf of the principal. An attorney-in-fact can manage your finances only when you become incapacitated. A power of attorney for finances has to be documented by you. Still, if you become unable to do so or decide on a durable power of attorney, then your spouse or relatives have to ask the court for authority over at least some of your financial affairs.
In California, financial power of attorney comes into effect when you sign the document and become incapable of managing your finances. Mention in the document that you want the power of your attorney to be durable to make sure the latter is possible. If you don’t, the power of your attorney will end up automatically when you become incapacitated. However, remember, the financial power of attorney in California does not come into effect unless a doctor certifies that you are incapable of managing your finances.