Estate planning
Power of attorney
A document that may name someone to act for another person under defined terms; recording it does not grant authority.A distinction between organizing a reference and creating legal authority.
Why households record it
A household may record the document type, named person, supporting reference, and last review date. The document and applicable law determine what authority exists.
Key points
- Financial and health care roles are different concepts.
- Keep the supporting reference safe and review it when circumstances change.