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If you execute a general POA, one of the biggest potential disadvantages is that your Agent has the ability to devastate you financially. With a general POA your Agent can withdraw funds from all your financial and investment accounts, sell your property, and even enter contracts in your name.
It will only end at death or if the Principal revokes the durable power of attorney. As long as a Principal remains competent, he or she has the authority to make legal decisions, even if a durable power of attorney is in effect.
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.
When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.
A Durable Power of Attorney (DPOA) in Arizona is a legal document that allows a trusted individual, called an agent, to make financial or healthcare decisions on your behalf. It remains effective even if you become incapacitated, ensuring your affairs are managed smoothly.
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Arizona Fertility Rate54.9 (births per 1,000 women 15-44 years of age) Infant Mortality Rate 6.17 (infant deaths per 1,000 live births) Life Expectancy (at Birth) 75.0 years (2021) Marriage Rate 5.8 (marriages per 1,000) Divorce Rate 2.3 (divorces per 1,000)5 more rows
What does power of attorney durable mean? A durable POA gives someone else legal authority to act on your behalf, and it continues in force even if you lose your mental capacity. Financial POAs give your agent financial powers that may include managing your assets, paying bills, and buying and selling real estate.

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