A power of attorney (POA) is a vital estate planning document to have for many reasons. No
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Question:
A power of attorney can be general or limited, durable or nondurable, and can be effective for a limited time or take effect at a time or specified event in the future.
Answer the following question(s) and discuss among each other the best practices with respect to POA's.
Define POA and list what legal authority can be granted with a Power of Attorney? What can it not be used for?
We know the benefits of a POA, what are some disadvantages? Can it be abused? How so? Provide examples you have read about or have experience with.
Given what you now know about POA's, under what circumstances would you use a POA? When would you stay away from using it?
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