When a person (principal) is incapacitated or unable to handle their own Personal affairs, a friend or family member is often given ‘power of attorney’ to make decisions on their behalf and to manage their affairs. The person selected to have power of Attorney, called an ‘agent’, is generally a close and trusted friend or relative of the principal. There are many reasons why a person may need power of attorney (POA). Their mental capacity may diminish due to disease, illness, injury or age and can no longer take care of their own personal and financial situation. In these events, […]
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