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Why would I need an attorney-in-fact?

An attorney-in-fact is someone who is designated to act on behalf of another person, whether in business, financial, or personal matters. An attorney-in-fact is designated through the granting of power of attorney, usually by the person who will be represented.

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.

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.

What is the highest form of 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.

Is being power of attorney stressful?

Becoming someones agent under a power of attorney is not something to be undertaken lightly. It is an enormous responsibility that can potentially become a stressful and time-consuming duty.

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