Estate Planning for the Savvy Client by Mary L Barrow

Author:Mary L Barrow
Language: eng
Format: azw3
ISBN: 9780692853061
Publisher: Savvy Client Press
Published: 2017-03-25T04:00:00+00:00

If someone (for example, another family member) thinks that your agent is abusing his or her authority, that person can alert the court, in which case the court may require your agent to account for his or her actions. If this happens, your agent would have to submit paperwork to the court (an accounting) that shows in detail what actions your agent has taken by authority of the power of attorney.

When the Power Begins

It is important to understand when the agent’s authority begins. You may think that your agent cannot act until you become incapacitated. But that is not the case. Typically, your general power of attorney is effective as soon as you sign it and give it to your agent. Once that happens, your agent can act whether you are incapacitated or not.

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