Power of Attorney Abuse - Buyer Beware - 0 views

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  #1 White Combs on 28 Aug 13

   

  A power of attorney can be used to assign legal power to another person. The main (the individual granting the power of attorney) gives the agent, also called the attorney-in-fact, the authority to make legal decisions on his/her behalf, including handling bank records, real estate, and other assets. If you are interested in the world, you will maybe fancy to learn about dwi defense attorney chicopee.
  
  The prospect of fraud exists in every power of attorney agreement, through illegal gifting, and home working, embezzlement. In some situations, an estate will be significantly depleted by a power attorney holder, making the heirs of the main with little if any inheritance. Alternative methods when a power of attorney can be abused contain changing beneficiary designations on life insurance or annuities, and opening bank accounts with combined title or pay on death terms in support of the agent.
  
  The creation of a power of attorney could be pushed under the grounds of lack of capacity or that the creation did not follow proper formalities. Grounds might exist to sue the agent for the return of embezzled home or for monetary damages, In case a validly given power of attorney has been abused by the agent. The agent can be sued by the principal directly, if the principal remains living at the time of the action. Dig up further on an affiliated web resource by visiting logo. To get fresh information, consider taking a gander at: dwi defense lawyer. In many circumstances, the ability of attorney abuse is part of a larger pattern of elder abuse. We found out about wholesale dui lawyer amherst by browsing Google Books. When the key has passed away from the time the power of attorney abuse has been found, 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 a number of other causes of action.
  
  Because of the possibility of abuse with a power of attorney, their use should be limited. The instrument will be left by many persons creating a power of attorney with the drafting attorney until the conditions causing the activation of the power have been induced, such as for instance the inability of the primary.Thomas Whitney Attorney at Law
  1403 South East St
  Amherst MA 01002
  (413) 256-6234

   

  <div class="cArrow"> </div><div class="cContentInner">A power of attorney can be used to assign legal power to another person. The main (the individual granting the power of attorney) gives the agent, also called the attorney-in-fact, the authority to make legal decisions on his/her behalf, including handling bank records, real estate, and other assets. If you are interested in the world, you will maybe fancy to learn about <a rel="nofollow" href="http://tom-whitney.com/criminal-defense/oui/">dwi defense attorney chicopee</a>. <br /> <br /> The prospect of fraud exists in every power of attorney agreement, through illegal gifting, and home working, embezzlement. In some situations, an estate will be significantly depleted by a power attorney holder, making the heirs of the main with little if any inheritance. Alternative methods when a power of attorney can be abused contain changing beneficiary designations on life insurance or annuities, and opening bank accounts with combined title or pay on death terms in support of the agent. <br /> <br /> The creation of a power of attorney could be pushed under the grounds of lack of capacity or that the creation did not follow proper formalities. Grounds might exist to sue the agent for the return of embezzled home or for monetary damages, In case a validly given power of attorney has been abused by the agent. The agent can be sued by the principal directly, if the principal remains living at the time of the action. Dig up further on an affiliated web resource by visiting <a rel="nofollow" href="http://tom-whitney.com/criminal-defense/oui/">logo</a>. To get fresh information, consider taking a gander at: <a rel="nofollow" href="http://tom-whitney.com/criminal-defense/">dwi defense lawyer</a>. In many circumstances, the ability of attorney abuse is part of a larger pattern of elder abuse. We found out about <a rel="nofollow" href="http://tom-whitney.com/criminal-defense/oui/">wholesale dui lawyer amherst</a> by browsing Google Books. When the key has passed away from the time the power of attorney abuse has been found, 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 a number of other causes of action. <br /> <br /> Because of the possibility of abuse with a power of attorney, their use should be limited. The instrument will be left by many persons creating a power of attorney with the drafting attorney until the conditions causing the activation of the power have been induced, such as for instance the inability of the primary.Thomas Whitney Attorney at Law <br /> 1403 South East St <br /> Amherst MA 01002 <br /> (413) 256-6234</div>

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