A Power of Attorney (POA) stands as a fundamental legal tool, empowering one individual, known as the agent or attorney-in-fact, to make decisions on behalf of another, referred to as the principal, in legal and financial matters. This delegation of authority enables the agent to manage finances, make healthcare decisions, and conduct other personal affairs, especially when the principal cannot do so due to illness, disability, or absence. The significance of a POA lies in its capacity to ensure that a trusted person can legally act in the principal’s best…
What is the Penalty for Abuse of Power Of Attorney
