Attorney Form Legal With Two Agents
Description
How to fill out Wisconsin Power Of Attorney Forms Package?
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FAQ
So, can more than one person have power of attorney in Texas? Yes, in Texas and elsewhere, two or more co-agents can share power of attorney. This is sometimes called dual power of attorney.
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.
Shared agents should talk together, confer with one another and agree on decisions being made, yet maintain the ability to act independently. When you name the second agent as ?alternate? you create a situation where the first agent is the only one who can act for your child.
A Power of Attorney is a legal document delegating authority from one person to another. In the document, the maker of the Power of Attorney (the "principal") grants the right to act on the maker's behalf to an agent.
You can name more than one person as your POA. These people will work together to make decisions for you. However, if you name more than one person, you should also consider a method to deal with disputes. You might need to have a third party involved to ?break ties? when your agents disagree.