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Latest revision as of 03:12, 4 October 2014
A power of attorney is used to assign legal power to some other person. For one more interpretation, we know people view at: dui lawyer in los angeles. The key (the person granting the power of attorney) provides agent, also known as the attorney-in-fact, the power to produce legal decisions on his/her behalf, including handling bank records, property, and other assets.
The potential for fraud exists in every power of attorney design, through illegal gifting, and self working, embezzlement. In a few circumstances, an estate will be significantly depleted by a power attorney holder, leaving the heirs of the key with little or no inheritance. To get another perspective, consider checking out: click here. Alternative methods where a power of attorney might be abused include changing beneficiary designations on life insurance or annuities, and opening bank accounts with joint title or pay on death procedures in support of the agent.
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16000 Ventura Blvd
Ste 1208
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(818) 720-5288
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