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Legal Planning

Powers of Attorney

Powers of Attorney

A Power of Attorney is a written document in which one person (the Principal) authorizes another person (the Attorney-in-Fact) to handle financial or property transactions for the Principal.

Is a Power of Attorney different than a will?

Yes. A Power of Attorney automatically ends when the Principal dies, while a will does not become effective until the Principal dies. The same person can be the Attorney-in-Fact for the Power of Attorney and the executor/personal representative and/or beneficiary of the former Principal’s will, but the two documents are very different from one another and are meant to serve completely different purposes.

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