Sociology 2241E Lecture Notes - Lecture 2: Undue Influence, Testator, Holograph
2 Mar 2017
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Powers of attorney: legal document allowing one person to appoint another to act for them. Poas valid only during the grantor"s life or until it is revoked. Two kinds of powers of attorney: continuing power of attorney: attorney can make financial decisions for grantor, power of attorney for personal care (living will): attorney can make medical care and treatment decisions for grantor. Continuing power of attorney: allows attorney to manage the grantor"s property and make financial decisions on the grantor"s behalf, example; banking, paying bills, buy and sell assets. Effect: continuing power of attorney authorizes the attorney(s) to do anything that the grantor can do with respect to property. Limitations: grantor can put restrictions in the cpoa: when the power of attorney is a child/spouse of the grantor, they usually don"t have limitations. Requirements to create cpoa: grantor must be 18, attorney(s) must be 18, grantor must have capacity (mental competence)
