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Insert Tick in the Unlimited Power Of Attorney

Insert Tick in the Unlimited Power Of Attorney

Aug 6th, 2022

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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.

What is the downside of being 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.

Who is the best person to give power of attorney?

Who Can I Name to Have Power of Attorney? You can technically name anybody to have POA, so long as it is done under your free will and you are mentally competent. 1 It should be somebody trustworthy and capable, such as a spouse, close family member, or friend. You may also designate your lawyer to have a POA.

What is an unlimited power of attorney in Indiana?

This unlimited power of attorney will give the person whom you designate (your attorney-in-fact) broad powers to handle your finances and property, which includes powers to encumber, sell or otherwise dispose of any real or personal property without advance notice to you or approval by you.

What is the most powerful power of attorney?

1. Durable power of attorney. Having a durable POA means your agents authority to act on your behalf continues if you become incapacitated for example, if you fell into a coma.

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