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The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal. Power of Attorney: Rights and Limitations - Trust & Will trustandwill.com ? learn ? power-of-attorney-right... trustandwill.com ? learn ? power-of-attorney-right...
Access family finances ? By providing your spouse with a power of attorney, you can ensure they have access to your bank accounts and financial information. Many financial institutions have their own power of attorney form they want customers to use. Power of Attorney Basics - Military OneSource Military OneSource (.mil) ? ... ? Legal Military OneSource (.mil) ? ... ? Legal
A general power of attorney gives you the legal right to take any action on behalf of your service member, or grantor. While this can be easier, it also has drawbacks as some institutions may not accept a general POA, or at least beyond the most basic kinds of transactions.
A POA is a legally binding planning tool that gives one person the authority to act on another's behalf for legal or financial issues for a specified time. Conversations with your service member can help you better meet his or her needs. Understanding a Military Power of Attorney Military OneSource (.mil) ? support-community Military OneSource (.mil) ? support-community
The POA authorizes your agent to act on your behalf and to carry on your business in your absence. Acts performed by the agent and authorized by the Power of Attorney are legally binding on you. Since a POA is such a powerful document, it should be given only to a trustworthy person, and only when absolutely necessary. Power of Attorney Guide - Air Force Legal Assistance af.mil ? apps ? files ? docs af.mil ? apps ? files ? docs