Read a great article from Eric Goldberg of the Goldberg Law Group regarding POA (Power of Attorney).
Hat tip thanks to Mr. Gross (our President and Founder) for the lead:
“So someone (principal) appoints you his/her agent under a Power of Attorney (“POA”). You understand the basics that you have been given the authority to handle affairs on the person’s behalf but what exactly does that mean? Are you liable for anything now that you have been appointed?
Unfortunately, often individuals create POA’s and appoint their children but fail to involve the children in the process. Even more concerning is the reality that the individual never looked into what authority he/she was delegating in his/her POA. As you can imagine, this may lead to several issues for the person acting as his or her agent.”
Read the entire article here.