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A Power Of Attorney Doesn't Address What Happens to Assets After Your Death. A power of attorney ends at your death, so it does not do anything to protect your wealth after you are gone or to facilitate the timely transfer of assets to loved ones.
A POA in Pennsylvania must be dated, signed by the principal, witnessed by two adults, and notarized. If the principal is not able to write, he or she may sign by making a mark (such as an "X") or by directing another person to sign on his or her behalf. Power of attorney requirements in Pennsylvania | ? ... ? Estate Planning ? ... ? Estate Planning
You may select any competent adult to act as your agent. The authority that a Power of Attorney gives to your agent can be as limited as selling your car for you or as broad as making financial and health care decisions on your behalf. Power of Attorney in Pennsylvania | PALawHELP.org palawhelp.org ? resource ? power-of-attorne... palawhelp.org ? resource ? power-of-attorne...
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...
THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU DESIGNATE (YOUR ?AGENT?) BROAD POWERS TO HANDLE YOUR PROPERTY, WHICH MAY INCLUDE POWERS TO SELL OR OTHERWISE DISPOSE OF ANY REAL OR PERSONAL PROPERTY WITHOUT ADVANCE NOTICE TO YOU OR APPROVAL BY YOU. Power of Attorney - Authorized Individual - PA ABLE paable.gov ? lib ? pdf ? Agent-Authorizatio... paable.gov ? lib ? pdf ? Agent-Authorizatio...