What to do if my father wants me to be responsible for making decisions as to what is going to happen to his assets after his death?
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What to do if my father wants me to be responsible for making decisions as to what is going to happen to his assets after his death?
My mom is still alive but he wants me to handle everything and take care of her and does not want my brothers to have any right on anything. What forms does he need to fill out?
Asked on January 31, 2014 under Estate Planning, Arizona
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other's. The person authorizing the other to act is the principal, grantor, or donor (of the power). The one authorized to act is the agent or, in some common law jurisdictions, the attorney-in-fact (attorney for short). Formerly, a power referred to an instrument under seal while a letter was an instrument under hand, but today both are signed by the grantor, and therefore there is no difference between the two.
You need a power of attorney created by a reputable attorney with respect to your father. One can be found on attorneypages.com.
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