Which document allows someone to manage your finances if you become incapacitated?

• A. Enduring power of attorney for finances
• B. Will
• C. Beneficiary designation
• D. RRSP

Answer: (A)

Having an enduring power of attorney for finances lets you name someone you trust to handle bills, manage investments, file taxes, and make other financial decisions on your behalf if you become unable to do so. The key is durability: this document stays in effect when you lose mental capacity, rather than ending with incapacity. A will governs asset distribution after death and doesn’t empower someone to act while you’re alive, so it won’t help with day-to-day financial management during incapacity. Beneficiary designations control who inherits assets at death, not who manages them if you’re incapacitated. An RRSP is a retirement savings account, not a document that authorizes someone to manage finances. So the instrument that enables someone to manage your finances during incapacity is the enduring power of attorney for finances.