Скачать или смотреть Is a Power of Attorney Only Effective When Incapacitated?

Many people mistakenly believe a Power of Attorney (POA) only becomes valid if you are incapacitated. This common misconception can lead to serious legal and financial complications, but understanding the nuances of POA can protect your future and your assets. Let's clarify when a Power of Attorney is truly effective and why.

In this video, you will discover:
► The different types of Power of Attorney and how their activation clauses vary.
► Why a 'Durable' Power of Attorney is crucial for maintaining control during incapacitation, and how it differs from a 'Springing' POA.
► How general or non-durable POAs are used for specific transactions and why they don't require incapacitation.
► The importance of clearly defined terms in your POA document to ensure your wishes are carried out exactly as intended.
► Key considerations when designating your agent and what responsibilities they will hold.


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