Best Asset Protection and Power of Attorney

Generally speaking, if a principal is still living and capable of managing their own affairs their relatives cannot change the POA. However, if the person becomes incapacitated a General POA is extinguished and the relatives can petition for a guardianship of the person. If there is a Durable POA in effect it remains in effect even after the principal becomes incapacitated but the relatives can petition for a guardianship of the person. If granted, the POA will be extinguished. Moreover, if the principal is deceased the POA is extinguished and the next of kin must probate the estate by petitioning the court.

BEST ASSET PROTECTION SERVICES GROUP at WFB Legal Consulting, Inc.: Lawyer For Business

Please be advised that the information in this blog is for general public informational use only and does not establish an-attorney-client relationship.

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