Law 2101 Chapter Notes - Chapter 11: Testator, Intestacy, Beneficial Interest
2 Mar 2017
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Power of attorney: a document where one person gives the power to another person to make decisions of his/her behalf. The poa is only in effect when the individual appointing the document is alive. Once the appointer dies, the poa is (cid:374)ot i(cid:374) effe(cid:272)t, a(cid:374)d the perso(cid:374)"s will takes over. To act on behalf of someone, the individual must be older than 18 years of age. The person managing the property must understand the value, meaning, etc. of the property itself in order to manage it. Poa of property is a continuous role as long as it is written and the intention of the attributor is noted. The continuing power of attorney can dictate who does what on the property. The continuing power of attorney can assign a public guardian and a trustee. The continuing power of attorney can name two or more persons as attorneys who will act jointly.
