A Power of Attorney is a legal document which you use to designate your Attorney in Fact. An Attorney in Fact handles your financial affairs if you are unavailable, like being out of town, or incapacitated. Your Attorney in Fact can sign legal papers, deposit money and pay bills with your accounts. The Power of Attorney goes into effect as soon as it is properly signed before a notary. The power held by the Attorney in Fact ends upon your death or upon your written revocation. If you have a Power of Attorney and your Attorney in Fact is doing things you do not like you should contact a lawyer right away about taking steps to revoke the Power of Attorney.
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The material on this page is provided for general information purposes only; it is not intended to constitute legal advice.