Commonly Asked Questions About Your Rights in a Power of Attorney

You might know that a power of attorney will play a key role in any estate plan you choose to create. What you might not realize, however, is that by creating a power of attorney, you give decision-making authority to other people. Those people will have the legal right to make decisions for you. People who first learned of this delegation of authority sometimes hesitate in making powers of attorney because they are uncomfortable with the idea of giving away their decision-making rights. Fortunately, you don’t have to be worried about losing your abilities to make your own decisions when you create a power of attorney. Let’s take a look at some commonly asked questions. What rights do I have after I create a power of attorney? A person who makes a power of attorney is called a principal. The principal gives decision-making abilities to the chosen representative. That representative will be either a person or an organization, and will become known as your agent or attorney-in-fact.


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