FAQs: Durable Power of Attorney: What It Is
Many of us have questions about a durable power of attorney so here's an FAQ on what everyone should know. 1. What is a durable power of attorney (POA)? A power of attorney, or letter of attorney, is a document that authorizes another person, known as the agent or attorney-in-fact—usually a legally competent relative or close friend over 18 years old—to handle any combination of financial, legal and health care decisions. A power of attorney is alsoreferred to as...Read the rest of this article »Related Articles
FAQs: Durable Power of Attorney: How it Works
Welcome back to the two-part series on durable power of attorney FAQs. There’s a lot more to cover, so let’s jump right in: 1. What does a durable power of attorney (POA) do? You can assign your durable power of attorney to do as much or as little as you choose. People generally give extensive power over their finances and expect their agent to keep accurate records and keep their own affairs separate, to avoid conflicts of interest. Some commonly...Read the rest of this article »Related Articles
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