Power of Attorney Abuse - Buyer Beware

Izvor: KiWi

A power of attorney can be used to assign legal power to another person. Identify extra info on this affiliated essay - Click here: The Magnificence Of The Bmw Motorcycle Pill's Info. The principal (the person giving the power of attorney) provides agent, also known as the attorney-in-fact, the power to produce legal conclusions on his/her behalf, including real estate, handling bank accounts, and other assets. Visiting fort lauderdale motorcycle accident lawyer maybe provides suggestions you should give to your boss. The prospect of fraud exists in every power of attorney arrangement, through home working, embezzlement, and illegal gifting. In a few situations, an estate will be significantly depleted by a power attorney holder, making the heirs of the principal with little if any inheritance. Other ways in which a power of attorney could be abused include changing beneficiary designations on life insurance or annuities, and opening bank accounts with combined name or pay on death terms in favor of the agent. We discovered In the event you hire an accident lawyer by searching Google. The creation of a power of attorney might be challenged under the grounds of lack of ability or the creation did not follow proper formalities. In case a validly given power of attorney continues to be abused by the agent, grounds may exist to sue the agent for the return of embezzled property or for monetary damages. If the principal remains living at the time of the motion, the principal can sue the agent directly. In many circumstances, the ability of attorney abuse is part of a broader pattern of elder abuse. In the event the principal has passed on by the time the power of attorney abuse has been identified, the principal's estate or the intended recipients of the property may be able to sue the agent for breach of fiduciary duty, tortious interference with estate planning, or several of other causes of action. Because of the potential for abuse with a power of attorney, their use must be limited. The instrument will be left by many persons creating a power of attorney with the drafting attorney until the conditions initiating the activation of the power have already been triggered, including the incapacity of the primary. Clicking car accident attorney west palm beach possibly provides lessons you might tell your mom.Glick & Grife 2255 Glades Rd. Ste. 324A Boca Raton FL 33431

Power of Attorney Abuse - Buyer Beware