Eight Power Of Attorney Mistakes

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The power of attorney is a topic that is addressed in every comprehensive estate planning discussion. Given the complexities of estate planning, it is surprisingly easy to make one or more of many mistakes when customizing the power of attorney components of your overall estate planning program.

Here are eight mistakes made when someone attempts to make legal matters simple for trusted loved ones in the event of incapacity:

#1 - Not having a power of attorney
#2 - Appointing the wrong agent
#3 - Not expressly providing certain powers
#4 - Failing to name an alternate agent
#5 - Requiring multiple people to act jointly
#6 - Failing to designate a legal guardian
#7 - Inquiring to your financial institution(s)
#8 - Assuming your power of attorney extends after your death

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This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney