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Author: LadyIanna Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308858  
Subject: Power of Attorney Date: 2/27/2011 6:32 PM
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Hi -

I realize this is probably off topic for this board, but I don't know where else to post it. (and I kinda know you guys...)


What exactly is a Power of Attorney, and what does it cover. I googled it and came up with a lot of sites, but didn't really get an answer I was comfortable with.

Wiki has a page, but...I'm not sure I understood it.

Background:

We finally got my 82 yr old dad to make my oldest brother Power of Attorney, last year. Unfortunately with the recent demise of my brother we need to go through the process all over again.

After some arguing and debate, my dad has decided to put my sister on his checking account as a check writer, and make me Power of Attorney. I'm not quite sure what the difference is. (none of this has been done yet, I'm just trying to get some info before hand. and I've had a nasty cold and not fit for public.) The reasoning for this is that I live in the house with him, and my sister does not.

From reading the Wiki page, I understand there are different types of Power of Attorney, but am not quite sure what that means.

My dad says that my two oldest brothers are listed as executors of his will, but as I haven't seen the will, I can't confirm this. My oldest brother had told me that the will was quite general. My mother is worried that it is so general that they will lock up all the funds and not let anyone in for an extended period of time. As her income is dependent on my dad's income, this will cause her a problem.


(as the kid says in the Sharpe episode "What do we do? I'm all at sea, all at sea!")

I guess I have a lot to learn...

Lady I
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