Law 2101 Lecture 21: Powers Of Attorney & Wills
Document Summary
Power of attorney legal document that allows you to appoint another person to act on your behalf, valid only during your lifetime (two kinds) May not act as an attorney if they : provide health care, provide support services/compensation (unrelated to the grantor, attorney cannot make a will. Stop being effective when : death, attorney dies, attorney resigns, attorney cannot handle things, grantor executes a new poa that invalidates the old one, grantor revokes poa, court appoints a guardian of the property. Sample continuing power of attorney: need complete trust in person appointed, temptation cases of abuse, regulations require pos for an incapable person to keep certain records. 2: attorney, grantor, dependent of the grantor, public guardian and trustee, the (cid:272)hildre(cid:374)"s la(cid:449)yer, judgment creditor of the grantor, any other person, with leave of the court. Continuing power of attorney: allows attorney to look after your property and make financial decisions on your behalf.
