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The PoA may be made for a limited or indefinite period of time. The PoA should state if the attorney can sub-delegate the powers delegated to him or her to another person and that the PoA shall be valid even in the event you are incapacitated due to ill health.
A Special Power of Attorney is necessary if you wish to appoint another person to act and decide on your behalf. A Special Power of Attorney is normally executed when the principal is unable to manage his affairs decide on his own and will need an agent to act on his behalf.
While Massachusetts law does not technically require a POA to be docHubd, signing your POA in the presence of a notary public is very strongly recommended. Many financial institutions will not want to rely on a POA unless it has been docHubda process that helps to authenticate the document.
Your attorney does not become the owner of any of your money or property. He or she only has the authority to manage it on your behalf. Your attorney cannot make a will for you, change your existing will, change a beneficiary on a life insurance plan, or give a new power of attorney to someone else on your behalf.
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