CATEGORY: Power of Attorney Questions

Answers to Frequently Asked Power of Attorney Questions

If I Am My Mother’s Attorney-in-Fact, Must I Share Financial Information About Her Accounts with my Siblings?

The Attorney-in-Fact named in a Power of Attorney document has an obligation to manage the business affairs of the Grantor in his or her best interest.

Typically, that means keeping personal, financial and account information confidential. Continue reading If I Am My Mother’s Attorney-in-Fact, Must I Share Financial Information About Her Accounts with my Siblings?

Can a Limited Liability Company Designate Someone with Power of Attorney for Real Estate Transactions?

A Limited Liability Company can execute a Power of Attorney document for nearly any business transaction, naming an Attorney-in-Fact to perform some or all functions or duties on behalf of the LLC. Continue reading Can a Limited Liability Company Designate Someone with Power of Attorney for Real Estate Transactions?

If I Get Sick, How Do I Outline My Healthcare Wishes with Your Power of Attorney Package?

Standard Legal’s Power of Attorney package does not contain ANY health care language.

The Power of Attorney legal forms software title focuses instead on handling the business affairs of the maker, either on-going or for a set period of time, and is effective immediately upon execution.

Instead, you should review Standard Legal’s Living Will legal forms software offering. Continue reading If I Get Sick, How Do I Outline My Healthcare Wishes with Your Power of Attorney Package?

If My Sister Has Power of Attorney for My Unresponsive Father and She Won’t Deal with His Affairs, Can My Sister Sign Over Responsibility to Me?

If the maker of a Power of Attorney document (be it for health care or general management of business affairs) cannot consent to a change in the named Attorney-in-Fact, no other person has the authority or right to ‘transfer’ that responsibility to another, even another family member. Continue reading If My Sister Has Power of Attorney for My Unresponsive Father and She Won’t Deal with His Affairs, Can My Sister Sign Over Responsibility to Me?