What’s included in the Financial POA report?
Our summary provides a consolidated view of critical financial incapacity planning details, such as:
- Agent names and order of designation for financial POAs
- Nomination of a Conservator (Guardian for Property)
- Referenced Jurisdiction
- Durable and Springing provisions
- Third-Party Reliance/Hold Harmless language
- Health Insurance Portability and Accountability Act (HIPAA) release language
- Agent powers, including (but not limited to): gifting powers, ability to change beneficiaries, and ability to hire agents (where applicable)
Breaking Down the Financial POA Report
From the Estate Reviews screen, click the desired report to view.
Similar to the Wills and Trust report, the Financial POA Report will include a box on the left-hand side summarizing the documents covered by the review and any reviewer notes
Agents:
Financial Agents will display the agents named in the uploaded documents, as well as agent-specific insights
Insights
This section lists document-specific insights, similar to Holistiplan's Tax and Insurance Reports.
Users can edit, hide, or add insights to the summaries, making it easy to tailor the report to each client’s needs and planning discussions.
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To hide an insight, click the eye icon.
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To edit phrasing of an observation, click the pencil.
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If enabled by their firm, users can also add custom insights at the bottom of the page.
Submitting Draft Documents
Draft documents can be submitted for review. However, the output will be limited based on what is available in the draft. For example, state-adopted statutory forms generally do not include specific powers granted to agents, which may impact the level of insight provided.