Bewares for Agent Appointers



Appointing an agent to do work on your behalf is really a good option. But when you rely on someone else for your work, on thing thats very much clear is that you need a really good amount of trust on that individual. Trust is not the only thing that one looks for in an agent the essentialities list is lond and diverse to quote,

A lot of people make the mistake of appointing an agent with a general power of attorney. This document will allow your agent to act on your behalf in any matter he or she wishes. Personally, I wouldn't appoint an agent with a general power of attorney unless maybe it was my mother. Issuing a limited or specific power of attorney will restrict your agent to only activities or specific events when you say they can act on your behalf.

Another good practice to follow is to monitor the actions of your agent. Many people often give their agent powers to dip into their finances. Bankers may develop a personal relationship with your agent and no longer scrutinize them like before. You may revoke the powers given to your agent but that personal relationship is still there. That’s why you should always give any one your agent had a relationship with on your behalf a copy of the revocation. Also, orally discussing the revocation is also a good idea.

Filing a power of attorney form is a rather simple process. It is not required that a lawyer draft this document. Most people just file this form themselves.

 
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