Durable Power Of Attorney Replace Currency For Free

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.

A power of attorney abuser may transfer real estate to his or her own name, remove the principal's belongings, use the power of attorney's money for his or her own gain or take advantage of the position in other ways.

Unless the LPA states otherwise, you can spend money on:gifts to a donor's friend, family member or acquaintance on occasions when you would normally give gifts (such as birthdays or anniversaries)donations to a charity that the donor wouldn't object to, for example a charity they've donated to before.

A durable power of attorney simply means that the document stays in effect if you become incapacitated and unable to handle matters on your own.To cover all of the issues that matter to you, you'll probably need two separate documents: one that addresses health care issues and another to take care of your finances.

The power of attorney is no longer valid.However, all durable powers of attorney end when the principal dies. The executor of the deceased person's will -- or the estate administrator, if he died without a will -- must handle the sale of his mobile home, if that is necessary.

POA abuse is the misuse by the attorney of the authority granted by the donor. It means making a decision or taking an action that is not in the donor's best interest. An example would be when the attorney spends the donor's money to benefit the attorney, rather than the donor, without permission.

A general power of attorney allows the agent to act on behalf of the principal in any matters, as allowed by state laws. The agent under such an agreement may be authorized to handle bank accounts, sign checks, sell property, manage assets, and file taxes for the principal.