Posts Tagged "power of attorney do’s & don’t’s"

Power-of-Attorney Do’s & Don’t’s (NC POA Attorney)

Posted on Feb 12, 2015 in News

How do I perform as a good power of attorney? 1) Remember the #1 Rule: the Power of Attorney agent (a/k/a Attorney-in-Fact) must act in the “best interest of the principal” (Principal is the person who executes the power of attorney) 2) Remember #2 Rule: the power of attorney agent acts as a fiduciary for the principal. a. One definition of fiduciary is: A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. Another includes the definition: Trustee. 3) Rule #3: Maintain all statements,...

Read More