This Extension bulletin provides factors that put individuals and families at risk for power of attorney (POA) abuse, and provides best practices for preventing and responding. A financial POA is a potent estate planning tool for managing assets and making sure that bills are paid as we age and need help. Since POAs typically give an agent great power with little or no oversight, abuse such as stealing and transferring assets away from the principal and to the agent is easy, with terrible consequences. It is based on research from a USDA multi-state project.
|Organization||University of Wyoming Cooperative Extension Service|
|Publisher||University of Wyoming|
|Publication Date||January, 2021|
|Material Type||Written Material|