Can an Agent Under a Power of Attorney Pay His Mother's Bills Even If His Mother Objects?
My 81-year-old mother lives in a continuing care community. She is bipolar and sometimes has questionable judgment. The bank...
Read moreA power of attorney is a very important estate planning tool, but in fact there are several different kinds of powers of attorney that can be used for different purposes. Before executing this crucial document, it is important to understand what your options are.
A power of attorney allows a person you appoint -- your "attorney-in-fact" or agent -- to act in your place for financial or other purposes when and if you ever become incapacitated or if you can't act on your own behalf. There are four main types of powers of attorney.
Regardless of what type of power of attorney you use, it is important to think carefully about who will be your attorney-in-fact. Your attorney-in-fact will have a lot of control over your finances, and it is crucial that you trust him or her completely. For more information on choosing an attorney-in-fact, click here.
Local Elder Law Attorneys in Your City
While many pre-packaged do-it-yourself power of attorney forms are available, it is a good idea to have an attorney draft the form specifically for you. There are many issues to consider and one size does not fit all. Contact your attorney to learn more. To find an attorney near you, go here: https://www.elderlawanswers.com/elder-law-attorneys.
My 81-year-old mother lives in a continuing care community. She is bipolar and sometimes has questionable judgment. The bank...
Read moreI am the agent under a durable power of attorney (DPOA) executed in 2013. Is the document still valid if I move to another st...
Read moreWhen one sibling is named in a power of attorney, there is the potential for disputes with other siblings. No matter which si...
Read moreI understand that it is a good idea to execute a new power of attorney document if an individual moves to a new state. But wh...
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