At some point in your life, you may either need to issue or act with a power of attorney. But, unless you’ve are already familiar with the arrangement, you likely have questions regarding what it can and can’t do.
Essentially, a power of attorney is a legal document. It allows one person, the agent, to act in the name of another, the principal. However, with these authorities also come responsibilities.
If you’re wondering about the responsibilities of a power of attorney, here’s what you need to know. [Read more…]
Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.
