About Power of Attorney and Why You Need One
A power of attorney is a legal document that permits another person to manage your financial or personal affairs or both.
Power of Attorney Powers and Duties
Your attorney has as much, or as little, power as the power of attorney gives them. The scope of the power of attorney is up to you, so think carefully about how broad you want it to be.
Creating and Ending a Power of Attorney
A power of attorney is an effective planning document but it should not be entered into lightly. There is always some risk involved when you give someone else the power to manage your affairs.
Issues With Power of Attorney
You must trust the person you appoint as your attorney implicitly. If you have any doubts about the person’s integrity, judgment, money management skills or ability to handle stress, you should not appoint them.