You may have signed a financial power of attorney (POA) that allows one or more people to act on your behalf if and when you become unable to act for yourself. However, a financial POA is not valid in certain situations. Knowing the limitations of a financial power of attorney is an often-overlooked aspect of estate planning. To ensure that you have anticipated every contingency, you should discuss with your estate planning attorney the POA exceptions noted in this article.

For most people, the phrase “power of attorney” means very little. Even for those educated on the subject, it is easy to forget exactly who serves what role and why. Whether you are unfamiliar with the concept or simply need a refresher, keep reading to learn what it means to be an agent under a power of attorney.   To begin, it is helpful to understand what is being asked of an agent under a power of attorney. A person appointed to the role becomes a representative of the pr

Your child's 18th birthday is a good time to discuss adult issues such as estate planning and powers of attorney.