Frequently Asked Questions (FAQs)
Powers of Attorney
What is a power of attorney for asset management?
A power of attorney is a written revocable document by which you appoint an attorney-in-fact to act for you. A power of attorney for asset management authorizes an attorney-in-fact to manage your financial affairs. While the attorney-in-fact has a general duty to keep you informed, he or she can typically exercise the powers in the power of attorney without your prior knowledge or approval. The authority of an attorney-in-fact will end on your death. By signing a power of attorney, you are sharing your power, not giving it up.
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FAQ Categories
- Living Trust
- Living Trusts and Probate
- Funding a Living Trust
- Bank Accounts
- Powers of Attorney
- Conservatorships and Guardianships
- Alternatives to Conservatorships and Guardianships
- Medicare and Medi-Cal (Medicaid)
- Probate
- Taxes
- Disqualified Beneficiaries
- Joint tenancy, Community Property, Domestic Partnerships