Q: If I appoint an agent to act for me under a Power of Attorney, do I lose the ability to take care of my own finances?
A: When you appoint an agent under a Power of Attorney it means that your agent can act in regard to the specific powers you have given your agent under the Power of Attorney. You do not lose the power to act for yourself. Your agent is required to act according to your wishes and directions and if the agent does not know your wishes the agent is required to act in your best interests. With capacity, you can revoke your Power of Attorney at any time. The agent only has the power to act on your behalf while you are alive. At your death the Power of Attorney is no longer valid.
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Note: The information provided herein does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available here are for general informational purposes only.
