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Which person will need someone with the power of attorney?

A Power of Attorney is a legal document that identifies and empowers a person to speak for someone who wants assistance with financial or healthcare matters or can no longer speak for themselves.

Who is the best choice for power of attorney?

The best choice is someone you trust. Integrity, not financial acumen, is often the most important trait of a potential agent.

What is a power of attorney Vollmacht?

Simple Power Of Attorney (Vollmacht): power of attorney for which the individual gives a lesser authorization, e.g. power of attorney for a single legal transaction that can be revoked , e.g. simple inheritance declarations. Entries in the trade register.

Why would someone want more than one person with the power of attorney?

Shared responsibilities: By appointing several agents to handle different assets, such as your real estate and artwork, you may use their specialized skills and expertise to your advantage. One agent might know more about real estate, while the other might know more about valuable artwork.

Who is the best person for power of attorney?

A financial power of attorney generally costs between $200 and $500, depending on the complexity of the principals finances.

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