A power of attorney can be used to delegate legal authority to some other person. The principal (the individual giving the power of attorney) gives the agent, also called the attorney-in-fact, the power to make legal choices on his/her behalf, including property, handling bank records, and other assets.

The prospect of fraud exists in every power of attorney agreement, through illegal gifting, and self working, embezzlement. In a few situations, a of attorney holder can notably lessen a house, making the heirs of the principal with minimum inheritance. Get extra information on our favorite related site - Navigate to this link: The Gordon Law, P.C. - Rochester Estate Planning and Elder Law Attorney Division Is Now Serving Clients In The Monroe County Area. Different ways where a power of attorney may be abused include changing beneficiary designations on life insurance or annuities, and opening bank accounts with combined title or pay on death provisions in support of the agent.

The creation of a power of attorney can be pushed under the causes of lack of ability or the creation did not follow proper procedures. Identify new information on our affiliated link - Click here: http://biz.malaysiantalks.com/news/the-gordon-law-p-c-rochester-estate-planning-and-elder-law-attorney-division-is-now-serving-clients-in-the-monroe-county-area/0157046/. If a validly granted power of attorney continues to be abused from the agent, reasons may exist to sue the agent for the return of embezzled house or for monetary damages. Learn supplementary information on our favorite related site - Browse this URL: The Gordon Law, P.C. - Rochester Estate Planning and Elder Law Attorney Division Is Now Serving Clients In The Monroe County Area. The principal can sue the agent immediately, if the principal is still living at the time of the action. In many situations, the ability of attorney abuse is part of a wider pattern of elder abuse. In the event the principal has passed on by the time the energy of attorney punishment has been discovered, the principal's estate or the intended recipients of the property might be ready to sue the agent for breach of fiduciary duty, tortious interference with estate planning, or a number of other causes of action.

Because of the possibility of abuse using a power of attorney, their use must be limited. Several persons making a power of attorney may keep the instrument with the drafting attorney until the conditions initiating the activation of the power have been induced, such as the inability of the primary.. Be taught further on our affiliated encyclopedia by browsing to The Gordon Law, P.C. - Rochester Estate Planning and Elder Law Attorney Division Is Now Serving Clients In The Monroe County Area.