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Highlight Power Of Attorney

Highlight Power Of Attorney

Aug 6th, 2022

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How to Highlight Power Of Attorney

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In this video, estate planning attorney Paul Rabelais discusses the concept of power of attorney (POA), a legal document that authorizes someone else to act on your behalf in legal matters. He emphasizes the importance of understanding key points related to creating or being appointed as a power of attorney. Rabelais outlines ten critical aspects, starting with essential definitions to help clarify the concept. The tutorial aims to help viewers navigate the complexities of POA in their legal affairs, especially for those in Louisiana.

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Can a POA withdraw money from a bank account?

Through the use of a valid Power of Attorney, an Agent can sign checks for the Principal, withdraw and deposit funds from the Principals financial accounts, change or create beneficiary designations for financial assets, and perform many other financial transactions.

Which is a key disadvantage of a power of attorney?

One major downfall of a POA is the agent may act in ways or do things that the principal had not intended. There is no direct oversight of the agents activities by anyone other than you, the principal. This can lend a hand to situations such as elder financial abuse and/or fraud.

How powerful is a POA?

They are powerful. It can give another person (or persons) the ability to act on your behalf with regard to all financial and medical matters. They are typically able to engage in such actions, without your direct oversight, because the document allows for that.

What makes a good POA?

Ideally, the person you choose would be someone who isnt afraid to challenge suggestions or treatment options that go against your wishes. Whats more, you want someone who is willing to research your condition and learn as much as they can about it. This type of person would make a good power of attorney.

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