Which power specifically manages money and property?

• A. Wills
• B. Power of Attorney
• C. Financial Power of Attorney
• D. Durable Power of Attorney

Answer: (C)

Handling money and property requires a tool that explicitly names an agent to manage those financial affairs. The financial power of attorney does just that: it authorizes someone to pay bills, manage bank accounts, handle investments, and deal with real property on your behalf. The crucial idea is the scope—finances and property are the focus of this document, not general life decisions or posthumous asset distribution. A will governs what happens to assets after death, not who handles them while you’re alive. A general Power of Attorney is a broad label and may not specify finances clearly, while the Durable Power of Attorney speaks to whether authority lasts if you become incapacitated. When the goal is specifically to manage money and property, the financial power of attorney is the precise instrument to use.