Power of attorney does not make an agent liable for the principal's debts, explains Neal Frankle for Wealth Pilgrim. However, if agents are irresponsible or fail to heed their principal's instructions, they may be held l... More »

A durable power of attorney (POA) is a legal instrument that designates another responsible party to act on the behalf of the person executing the document, if they become incapacitated by illness or age, according to No... More »

Under U.S. law, a will directs a court on how the testator's estate should be handled after death, while power of attorney refers to how decisions should be made while the principal is still living. An individual with po... More »

www.reference.com Government & Politics Law

The duties that fall to an agent under a power of attorney end when the principal passes away, attorney Leana Hamill explains. The duties of an executor of a will has similar powers as a power of attorney, but an executo... More »

www.reference.com Government & Politics Law

Power of attorney is a broad term that refers to any agreement between a principal and an "attorney-in-fact" who can act on the principal's behalf in health or legal matters, states Cornell's Legal Information Institute.... More »

www.reference.com Government & Politics Law

Power of attorney laws vary from state to state, so before creating a resignation letter and submitting it to the proper parties, it is imperative to review the process as provided by the original power of attorney on ho... More »

A power of attorney is a legal document that gives one person, the attorney-in-fact, certain legal rights in the name of someone else, the principal, according to the Connecticut Network for Legal Aid. The attorney-in-fa... More »