Commonly Believed Myths About Powers of Attorney

Like other estate planning tools, powers of attorney must meet the legal standards imposed by state law. Though these documents are flexible and powerful, a lot of people don’t really know much about them. To help you better understand powers of attorney, let’s take a little time to look at some of the commonly held myths about these documents. Myth 1. Powers of attorney involve lawyers. This myth is entirely understandable because of the legal terminology used with powers of attorney. When we talk about a power of attorney, we are talking about a type of legal document. Though it is named “power of attorney,” the document does not involve lawyers in any way. (While you should always have an experienced and qualified lawyer create any legal document you intend to use, this isn’t where powers of attorney get their name.) You don’t have to be a lawyer to create a power of attorney, nor do you have to appoint an attorney as your agent when you create these documents. Further
http://www.norcalplanners.com/blog/estate-planning/commonly-believed-myths-powers-attorney/

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