Power of Attorney Abuse - Buyer Beware

A power of attorney is used to delegate legal power to another person. The key (anyone giving the power of attorney) provides the agent, also called the attorney-in-fact, the power to make appropriate choices on his/her behalf, including real estate, handling bank accounts, and other assets. This splendid http://www.threadless.com/profile/2782931/meatgauge4 article directory has varied great cautions for why to do this idea.

The possibility of fraud exists in every power of attorney agreement, through self working, embezzlement, and illegitimate gifting. In certain circumstances, an estate will be significantly depleted by a power attorney holder, making the heirs of the principal with little or no inheritance. Other ways in which a power of attorney can be abused include changing beneficiary designations on life insurance or annuities, and opening bank accounts with joint name or pay on death procedures in favor of the agent. Dig up more on candia by visiting our unusual portfolio.

The creation of a power of attorney may be pushed under the lands of insufficient capacity or the creation didn't follow proper formalities. Grounds may exist to sue the agent for the reunite of embezzled property or for monetary damages, If a validly given power of attorney continues to be abused by the agent. If the principal remains living at the time of the motion, the agent can be sued by the principal immediately. In several situations, the power of attorney abuse is part of a broader sample of elder abuse. If the key has died by the time the ability of attorney abuse has been identified, the principal's estate or the intended beneficiaries of the home could be able to sue the agent for breach of fiduciary duty, tortious interference with estate planning, or a number of other causes of action. Discover further on our favorite partner portfolio by visiting http://www.threadless.com/profile/2774622/mathatom27.

As a result of potential for abuse with a power of attorney, their use must be limited. To discover additional information, you might need to check out: dui in nashua nh. The instrument will be left by many persons creating a power of attorney with the drafting attorney until the circumstances causing the activation of the power have been induced, such as the incapacity of the key.New Hampshire DUI Lawyers
Attorney Dan Hynes - The NH DWI GUY
10 Ferry St #441
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