Jul 30, 2015
Powers of attorney (POAs) are one of the most basic and important estate planning
documents. Even most nonprofessionals are well aware of what a power of attorney
is and why they need one. A problem with POAs is merely obtaining a good, even
great, legal document, will rarely suffice on a number of levels. For example, a
document alone won’t prepare an agent to act. A well-crafted document might
reduce the risk of an agent or third party using the POA to steal funds from the
principal, but the document alone isn’t enough to really accomplish this goal. More
Many of the comments below were drawn from a presentation at the AICPA
“Advanced Estate Planning Conference” chaired by Robert S. Keebler, CPA in Salt
Lake City, Utah on July 21, 2015 from a session entitled “Estate and Financial
Planning for Chronic Illness.”
Read his commentary here.
No related posts.