Question

Doug and Maureen went on a second honeymoon abroad but failed to return and their fate is unknown. Their children are staying with their aunt. Which document should Doug and Maureen have filed to ensure that the aunt could have easily accessed funds to take care of their children and pay bills and mortgage?

Answer 1

They should have filed a SPECIAL-POWER OF ATTORNEY.

A Special Power of Attorney (SPA) is a document wherein the couple grants the aunt the power to act in their behalf. The aunt will become their proxy in terms of decision making and access to their accounts. 

A Special Power of Attorney must be duly notarized to become legal and enforceable against third party disputes.