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In this video, estate planning attorney Paul Rabale discusses essential provisions for a power of attorney (POA). He emphasizes that estate planning isn't just about what happens after death, but also involves lifetime planning through a POA, allowing designated individuals, called agents or attorneys-in-fact, to act on one’s behalf under specific circumstances. While POAs are recognized in all 50 states, the rules and requirements differ by state. Rabale advises including explicit powers for the agent in the POA, considering the potential for relocation or changes in the agent’s location. This ensures that the necessary authority is in place regardless of where one resides.
