What are a financial power of attorney agents duties?
The agent you appoint has a duty of loyalty and good faith to you. Your agent must act in your interest and follow your direction and wishes. Does signing a financial power of attorney affect my rights to do business on my own behalf? No. How long does a financial power of attorney (FPOA) last? A FPOA will terminate upon your death, unless you set forth in the FPOA document a certain date that you want it to end. A FPOA will also terminate if a court appoints a guardian to handle your estate. You may terminate or revoke your own FPOA at any time, as long as you are not mentally incapacitated. Do I need a lawyer to draft my advance planning documents? It is best to ask an attorney to set up these documents for you, and tailor it to your needs. An attorney will also be able to advise you which documents suit your needs in the first place. Finally, an attorney will make sure that your wishes are expressed clearly so that the documents cannot be challenged later. See the Resources chapter
