Description
Do you know what is expected of you if you are appointed your mother’s Power of Attorney? Along with the honour of becoming her POA, are various powers and responsibilities to ensure her wishes are fulfilled. This article delves into the various types of POAs, along with the obligations that come with the title.
Introduction
“I’m thrilled to announce I’ve been appointed Mum’s Power of Attorney,” said no-one ever in the history of sibling rivalry.
While many of us end up saying that – well, perhaps not the thrilled part – how many of us know what to expect and why.
Addressing the what, a Power of Attorney (PoA) is a legal document through which one person, the principal, provides authority to another, to act on their behalf. It provides powers to make decisions about personal matters like, property, financial obligations, assets, investments, etc.
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