Are There Any Risks Associated With Powers of Attorney?
The most important way to reduce any risk is to choose your agent carefully. Select someone you trust completely. Never forget that you are giving your agent the opportunity to access your funds at a time when you may not be able to keep tabs on what the agent is doing. So the person must be very trustworthy. You may also want to add ways for other people to check up on what your agent is doing when you cannot.
