Ask a Question

What are my duties as power of attorney?

Status: Open    Mar 31, 2015 - 01:33 PM

Elder Law

Do you have the same question? Follow this Question

2 answers

Expert Answers

May 06, 2015 - 08:37 AM

I am not an attorney but I offer the following general information. POA is a legal document which grants a person referred to as the "attorney in fact" or "agent" by another person referred to as the "principal" the legal authority to make decision for them in the event the principal is not able to make decisions on their own behalf. The laws for creating this document vary from state to state, therefore I do recommend consulting with an attorney for all applicable laws and regulations.

The attorney in fact or agent's duties are usually outlined in the document as to the decisions they have the power to make, such as financial decisions. It is duties of the POA to keep accurate records of all transactions that he or she makes on behalf of the principal and for distinguishing between the types of decision he or she has the power to make. The attorney in fact should always act in good faith on behalf of the principal and in the principal's interest and not their own.

Source: 

Sep 28, 2015 - 12:02 PM

The authority given to you are listed in the Power of Attorney document. You must not misuse these resources. The document may have listed specific things that you must do, or some things that you must not do. Reading the document very carefully is so important! If you have any questions about the document, you should consult a local elder law or estate planning attorney.
Answer this question

Recently Active Members